Biden to Issue Executive Order on Cryptocurrencies

President Biden to Sign Executive Order on Ensuring Responsible Development of Digital Assets

Biden's Executive Order on Cryptocurrency: Full Text

President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies. The order, titled "Ensuring Responsible Development of Digital Assets," directs federal agencies to study the potential impact of cryptocurrencies on financial stability, national security, and the environment.

The order also calls on the government to develop a comprehensive regulatory framework for cryptocurrencies. This framework would include measures to protect consumers, prevent illicit activity, and ensure that cryptocurrencies are not used to undermine the stability of the financial system.

The signing of the executive order is a significant step forward in the development of a comprehensive U.S. policy on cryptocurrencies. The order reflects the growing recognition that cryptocurrencies are a legitimate and important part of the financial ecosystem, but that they also pose significant risks that need to be addressed.