According to reports, the Biden administration is working on an executive order that will highlight the possible economic, regulatory, and national security risks that cryptocurrencies may bring in the future.
Senior administration officials have already conducted many meetings to discuss the executive order, according to the source, and the order is now being prepared to be delivered to Joe Biden in the coming weeks. The directive, which will be handed to Joe Biden, will place the White House at the core of cryptocurrency policy and regulatory initiatives.
According to the report, the executive order will consider all major economic, regulatory, and national security challenges that a cryptocurrency may bring. In addition, the directive in the works will seek input from other departments to help define roles for everyone from the state department to the commerce department. According to the paper, special attention will be placed on ensuring that the United States remains competitive and robust as the globe adopts new digital assets.
Hmm, Let’s see how this influences the cryptocurrencies.
