Biden bitcoin executive order

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Biden signs executive order on cryptocurrency
The executive order calls for measures to mitigate risks related to the cryptocurrency market. From the experiences of the financial. On Monday, U.S. President Joe Biden signed an executive order establishing regulatory guardrails for the technology that looks set to upend. President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore.

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Cryptocurrency is barely regulated at this stage. In keeping with this tradition, the Administration plans to take the following steps to foster responsible digital asset innovation: The Office of Science and Technology Policy OSTP and NSF will develop a Digital Assets Research and Development Agenda to kickstart fundamental research on topics such as next-generation cryptography, transaction programmability, cybersecurity and privacy protections, and ways to mitigate the environmental impacts of digital assets. Digital assets and the mainstream financial system are becoming increasingly intertwined, creating channels for turmoil to have spillover effects. Crypto investors appeared to agree. The State Department, Treasury, USAID, and other agencies will explore further technical assistance to developing countries building out digital asset infrastructure and services.