.JoeBiden is expected to sign an executive order this week detailing the U.S. government’s strategy for dealing with cryptocurrencies, according to Bloomberg and Reuters. By NelWang
The order would direct federal agencies to consider potential regulatory changes, in addition to the national security and economic implications of cryptocurrencies, according to Bloomberg.
The White House has been under pressure to play a more central role in setting policies for and regulating digital assets. That pressure has only increased with the sanctions imposed against Russia for its invasion of Ukraine, and concerns that companies and individuals could use cryptocurrencies to circumvent them.that the order was coming soon.
The order will require federal agencies to report later this year on their progress with respect to dealing with digital tokens, according to Bloomberg. CoinDesk has reached out to the White House to confirm the report but had not received an answer by press time.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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