Biden Planning to Sign Executive Order on Crypto This Week: Reports

2 years ago

President Joe Biden is acceptable to motion an enforcement bid this week summarizing the U.S. government’s strategy for dealing with cryptocurrencies, according to reports from Bloomberg and Reuters, citing radical acquainted with Biden’s plans.

  • The bid would nonstop national agencies to see imaginable regulatory changes, successful summation to the nationalist information and economical implications of cryptocurrencies, according to Bloomberg.

  • The White House has been nether unit to play a much cardinal relation successful mounting policies for and regulating integer assets. That unit has lone accrued with the sanctions imposed against Russia for its penetration of Ukraine, and concerns that companies and individuals could usage cryptocurrencies to circumvent them.

  • The White House has been moving connected the bid since past year, and successful January, reports surfaced that the bid was coming soon.

  • The bid volition necessitate national agencies to study aboriginal this twelvemonth connected their advancement with respect to dealing with integer tokens, according to Bloomberg.

  • CoinDesk has reached retired to the White House to corroborate the study but had not received an reply by property time.

DISCLOSURE

The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.

Nelson Wang is CoinDesk's quality exertion for the East Coast. He holds BTC and ETH supra CoinDesk's disclosure threshold of $1,000.


Subscribe to Money Reimagined, our newsletter connected fiscal disruption.

By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.

View source