Biden Signs Cryptocurrency Executive Order

Objectivity 4,3 | Credibility 4.6 | Relevance 4.5

Biden signed an executive order (E.O.) that reviews the federal government’s approach to cryptocurrencies. The measure laid the foundation for federal regulation of the cryptocurrency market and the potential development of a digital dollar. The order sets the stage to present unregulated cryptocurrencies as national security threats. “The E.O. will help position the U.S. to keep playing a leading role in the innovation and governance of the digital assets ecosystem at home and abroad…” NEC Director Brian Deese and National Security Advisor Jake Sullivan said.