Executive Order

President Biden’s long-awaited Executive Order on digital asset policy has been released. The order outlines the main objectives with which to approach the space while organizing research and regulatory responsibilities among different federal bodies. Notably, the White House also advocates “urgency” for R&D of a US CBDC, which over 100 countries are already exploring or piloting. Concerns About Illicit Finance As published by the White House, the order acknowledged the growing digital asset industry for presenting a wide array of…

US President Joe Biden will soon sign an executive order on cryptocurrency regulation and oversight that’s been in the works since last year. Sorting Out Responsibilities Sources involved in the order’s deliberations – who opted to remain anonymous – offered details on the order to Bloomberg. As reported in October, it will direct federal agencies to examine the “national security” and “economic “impact” of cryptocurrencies. Later in the year, those agencies will have to report their findings. The order should…