The White House on Wednesday approved the details of Joe Biden's executive order on digital assets.
Digital assets, including cryptocurrencies , have grown significantly in recent years, with a market value exceeding $ 3 trillion in November last year, according to The White House . This is despite the fact that the market value of cryptocurrencies five years ago was only $ 14 billion. Today we see President Joe Biden sign an executive order on cryptocurrencies. What you are reading in this article is the White House explanation of the cryptocurrency executive order: Surveys show that approximately 16% of American adults (approximately 40 million) have invested, traded, or used cryptocurrencies. More than 100 countries are considering or launching their Central Bank (CBDC) program. The CBDC is the digital form of a country's national currency. The advent of digital assets has provided an opportunity to strengthen America's superiority in the global financial system and technology, but it has also had significant implications for customer protection, financial stability, national security, and environmental risks. The United States must maintain its technological superiority in this area and support innovation while reducing the risks associated with customers, businesses, the financial system, and the environment. The United States must play a leading role in international interactions and global oversight of digital assets in line with existing values and international competition. That is why today, US President Joe Biden is signing an executive order that demonstrates the government's comprehensive approach to addressing the potential risks and benefits of digital assets such as cryptocurrencies and their technologies. The decree outlines national policies towards digital assets in six different priorities. These 6 areas are:
This morning, the US Treasury Department issued a premature statement , following which hopes for an executive order by the US President peaked and caused the price of Bitcoin and other cryptocurrencies to rise significantly. https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/ https://mihanblockchain.com/biden-signs-executive-order-in-digital-assets/ https://sajjadaziz92.medium.com/the-details-of-the-cryptocurrency-executive-order-were-approved-by-the-white-house-b95e4766ce https://sajjadaziz92.medium.com/elizabeth-warren-sets-strict-bills-to-prevent-sanctions-from-being-circumvented-with-17264b8a2dff https://telegra.ph/The-details-of-the-cryptocurrency-executive-order-were-approved-by-the-White-House-03-09
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