Ryan Lawler, in his Axios article, discusses the Biden administration’s development of cryptocurrency regulating policy and its ramifications. Their article, “White House issues executive order on regulating cryptocurrencies”, begins as follows:
President Biden will issue a wide-ranging executive order today for multiple government agencies to develop policy recommendations on digital assets and cryptocurrencies.
Why it matters: The order is an acknowledgment that crypto is here to stay and moves the government one step closer to a policy framework that would legitimize — and regulate — its use in the U.S.
Through the order, the White House seeks to understand both the risks and potential benefits of the technology.
To see the full article, click: “White House issues executive order on regulating cryptocurrencies”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal