Source: BlabberBuzz

ABC legal analyst Sunny Hostin announced on Wednesday on ABC’s “The View ” that President Joe Biden should govern via executive order because he can’t build consensus with “insurrectionists” and “crazy people.”

Co-host Whoopi Goldberg stated, “In a recent New York Magazine interview, Congresswoman Alexandria Ocasio-Cortez warned Democrats they could be in trouble going into the midterms. She thinks they’re still in the game, but the President and moderate Democrats need to stop thinking they can return to an era where a backroom deal with the GOP could be reached because that kind of thinking killed the Build Back Better Bill. Do you agree?”

Guest-host Tara Setmayer announced, “No. This is the absolute wrong lesson that Democrats have learned from what happened in the

last year. The country is not left-of-center. We are a moderate country, independents dominate the electorate, and it is swing districts that make a difference. It is a five-seat margin in the House of Representatives right now, and historically it looks like it’s going to be a blood bath for the Democrats if they don’t turn things around.”

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She continued, “She also wants President Biden to rule by executive order, which is not how our system works.” Hostin announced, “But he has to.” Setmayer stated, “No, he does not.”

Hostin announced, “You can’t build consensus with crazy people. You can’t build consensus with insurrectionists. You can’t do it.” Meanwhile, Biden signed an executive order on Wednesday calling on the government to review the risks and benefits of cryptocurrencies.

It’s a long-awaited directive that has had the crypto industry on edge, not least because of growing regulatory concern around the world surrounding the nascent digital asset market. There had been reports of a divide between White House officials and Treasury Secretary Janet Yellen, leading to delays in the policy rollout.

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The crypto market got wind of the executive order overnight after the Treasury accidentally put out a since-deleted announcement calling it “historic” and publishing some of the details ahead of time. The order was finally signed Wednesday. According to a White House fact sheet, it calls on federal agencies to take a unified approach to regulation and oversight of digital assets.

Protecting consumers is an essential part of the directive. There have been numerous stories of investors falling for crypto scams or losing huge sums of money through cyberattacks on exchanges or users themselves. The Biden Administration is calling on the Treasury to assess and develop policy recommendations on crypto. It further wants regulators to “ensure sufficient oversight and safeguard against any systemic financial risks posed by digital assets.”