The Biden Administration is readying an executive order for release as early as next month that will outline a comprehensive strategy on cryptocurrencies and ask agencies to determine such assets' opportunities and risks. JPRubin23 reports
The White House is readying an executive order for release as early as next month that will outline a comprehensive government strategy on cryptocurrencies and ask Federal agencies to determine their risks and opportunities,The directive would place the White House in a central role overseeing efforts to set policies and regulate digital assets, Bloomberg reported.
Federal agencies have already been studying or providing regulatory guidance around the digital asset sector for years.guidance letters, informal statements and public rulemaking efforts to direct how different aspects of the crypto industry should comply with federal law. But these efforts have not been coordinated in a single document or by one agency.
Biden Administration senior officials have met multiple times to discuss the directive, which will be presented to the president in the next few weeks, according to Bloomberg.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
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