President Biden’s new executive calls on US government agencies to examine the benefits and risks of cryptocurrencies.
The US government plans to carefully examine the benefits and risks of cryptocurrencies like Bitcoin following a new executive order from President Biden. While the executive order has now been signed by President Biden, the cryptocurrency market became aware of it early as the US Treasury accidentally released a statement calling the move “historic” the day before it was released. The now deleted statement also included some of the details of the executive order ahead of time which led to an eight percent jump in the price of Bitcoin. President Biden’s latest executive order calls on federal agencies to take a unified approach to both the regulation and oversight of digital assets. The White House provided further details in a press release on the areas that will be prioritized going forward, saying: “The Order lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.
