Tuesday January 25, 2022 – The Biden Administration is causing a stir with a recent announcement there is an executive order under development that will “address the economic, regulatory, and national security challenges posed by cryptocurrencies.”
The Executive Order will “assign specific roles to a broad spectrum of federal departments and agencies in developing a comprehensive U.S. digital asset strategy.” Including looking into establishing a Central Bank Digital Currency (CBDC).
The talk of creating a CBDC vs a Stablecoin. The need to move quickly is emphasized by some. But the surest way to slow the process down is to assign the task to a “broad spectrum of federal departments and agencies.”
Attorney Steven A. Leahy will report the latest on this week’s edition of Crypto Tuesday.