Biden Signs Executive Order Calling for Government Oversight of Cryptocurrency
- 2 years ago
Biden Signs Executive Order, Calling for Government Oversight, of Cryptocurrency.
Biden Signs Executive Order, Calling for Government Oversight, of Cryptocurrency.
On March 9, President Joe Biden
signed an executive order that calls for
government oversight of cryptocurrency. .
On March 9, President Joe Biden
signed an executive order that calls for
government oversight of cryptocurrency. .
The Associated Press reports that
the order urged the Federal Reserve
to consider creating its own digital currency. .
According to a senior administration official,
Biden's administration sees crypto as an opportunity
to study the pros and cons of digital currency. .
The executive order also reportedly directed the Treasury Department to investigate the impact of crypto on national security and economic stability. .
Biden's top economic and national security advisers
pointed out that the executive order will establish
the first federal digital assets strategy in the U.S.
That 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,
in a way that protects consumers,
is consistent with our democratic values
and advances U.S. global competitiveness, Brian Deese and Jake Sullivan, Biden Administration advisors, joint statement, via The Associated Press.
The AP points out that the order comes
amid concerns that Russia may be using
cryptocurrency to dodge international sanctions. .
The AP points out that the order comes
amid concerns that Russia may be using
cryptocurrency to dodge international sanctions. .
Last week, Treasury Secretary Janet Yellen
pointed out that the industry is not, “completely one where things can be evaded.”.
Yellen reportedly added that, “many participants in the cryptocurrency networks
are subjected to anti-money laundering sanctions.”.
Yellen reportedly added that, “many participants in the cryptocurrency networks
are subjected to anti-money laundering sanctions.”.
Meanwhile, Coinbase Global Inc., the United States' largest crypto exchange, said that the company was not aware
of a recent surge that would denote sanction evasion. .
Meanwhile, Coinbase Global Inc., the United States' largest crypto exchange, said that the company was not aware
of a recent surge that would denote sanction evasion.
Biden Signs Executive Order, Calling for Government Oversight, of Cryptocurrency.
On March 9, President Joe Biden
signed an executive order that calls for
government oversight of cryptocurrency. .
On March 9, President Joe Biden
signed an executive order that calls for
government oversight of cryptocurrency. .
The Associated Press reports that
the order urged the Federal Reserve
to consider creating its own digital currency. .
According to a senior administration official,
Biden's administration sees crypto as an opportunity
to study the pros and cons of digital currency. .
The executive order also reportedly directed the Treasury Department to investigate the impact of crypto on national security and economic stability. .
Biden's top economic and national security advisers
pointed out that the executive order will establish
the first federal digital assets strategy in the U.S.
That 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,
in a way that protects consumers,
is consistent with our democratic values
and advances U.S. global competitiveness, Brian Deese and Jake Sullivan, Biden Administration advisors, joint statement, via The Associated Press.
The AP points out that the order comes
amid concerns that Russia may be using
cryptocurrency to dodge international sanctions. .
The AP points out that the order comes
amid concerns that Russia may be using
cryptocurrency to dodge international sanctions. .
Last week, Treasury Secretary Janet Yellen
pointed out that the industry is not, “completely one where things can be evaded.”.
Yellen reportedly added that, “many participants in the cryptocurrency networks
are subjected to anti-money laundering sanctions.”.
Yellen reportedly added that, “many participants in the cryptocurrency networks
are subjected to anti-money laundering sanctions.”.
Meanwhile, Coinbase Global Inc., the United States' largest crypto exchange, said that the company was not aware
of a recent surge that would denote sanction evasion. .
Meanwhile, Coinbase Global Inc., the United States' largest crypto exchange, said that the company was not aware
of a recent surge that would denote sanction evasion.