U.S. President Joe Biden signed an executive order on 9 March initiating a governmental examination of cryptocurrencies’ risks and benefits. The order sets out a national policy for digital assets across six key areas: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation. It also calls on federal agencies to adopt a common approach to crypto regulation and on the government to explore the potential for a digital U.S. dollar. Part of the focus of the new policy is giving the U.S. a competitive edge over other jurisdictions in the development of digital assets while mitigating the risks associated with them.
Sources: https://cutt.ly/NA2132R
