0
0
Biden signs order on cryptocurrency as its use explodes
3/9/22 at 7:11pm
Organization
OC Register
9 words
Article
1
Summaries
0
Comments

Best summary

Based on community engagement
140 words by API: AylienTextApi
almost 4 years ago
By FATIMA HUSSEIN WASHINGTON (AP) — President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency. The Biden administration views the explosive popularity of cryptocurrency as an opportunity to examine the risks and benefits of digital assets, said a senior administration official who previewed the order Tuesday on the condition of anonymity, terms set by the White House. Under the executive order, Biden also directed the Treasury Department and other federal agencies to study the impact of cryptocurrency on financial stability and national security. Katherine Dowling, general counsel for Bitwise Asset Management, a cryptocurrency asset management firm, said an executive order that provides more legal clarity on government oversight would be “a long term positive for crypto.”
You are the first to view
https://www.ocregister.com/2022/03/09/biden-signs-order-on-cryptocurrency-as-its-use-explodes/
Create an account or login to join the discussion