Cryptocurrencies take center stage in President Biden's new executive order

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Cryptocurrencies take center stage in President Biden's new executive order
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Here’s what his administration is looking to research and potentially regulate.

Wednesday directing government agencies to assess possible policies and regulations related to the “future of money and payment systems,” including digital assets like cryptocurrency. It also opens the door for the development of a US digital currency.

“Ensuring responsible innovation and evolution of the digital asset ecosystem is essential to our national security, financial stability, economic competitiveness, and continued global leadership,” a senior administration officialThe Treasury Department, Commerce Department, and the Environmental Protection Agency are among the multiple government agencies named in the order to be a part of the research and policy-developing process.

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