Wednesday March 9, 2022 – Not all Crypto news happens on Tuesday. Today was such a day. President Joe Biden announced some weeks ago that an Executive Order was coming concerning Cryptocurrency. Today it arrived.
The EO focuses on 6 key areas – consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation.
The administration is also interested in creating a Stablecoin, a digital version of the dollar.
Attorney Steven A. Leahy reports on the Whitehouse FACT SHEET: “President Biden to Sign Executive Order on Ensuring Responsible Development of Digital Assets:” Which “Outlines First Whole-of-Government Strategy to Protect Consumers, Financial Stability, National Security, and Address Climate Risks.”