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Many people in the crypto industry welcome President Joe Biden’s executive order on crypto. A crypto regulatory expert says, “It’s about as good as we could ask.” Another sees the order as the federal government viewing “cryptocurrency as a legitimate, serious, and important part of the economy and society.” Crypto Community
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Joe Biden has signed his 82nd executive order since being sworn into office in January 2021, directly addressing a regulatory framework for digital assets in a rare moment for the U.S. President.In a Wednesday announcement, the White House said President Biden's executive order required government agencies to explore the potential
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Bitcoin (BTC) and other cryptos traded higher on Wednesday after U.S. President Biden's executive order did not impose new regulations on the industry (for now). Ethereum (ETH) underperformed. And volatility is rising, keeping option traders busy. Original Source
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The executive order appears to be broadly supportive of the digital asset industry and seeks to put the U.S. “ahead of the curve” as crypto becomes a more important part of the global economy, said Jefferies analyst Jonathan Peterson in a note to clients. Source
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“It was better than I thought it was going to be,” said Kristin Smith, executive director of the Blockchain Association, a Washington, D.C.-based crypto industry group. “Given all of the FUD that has been out there about a regulatory crackdown, I think this is obviously in stark contrast. This is
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In the 1990s, a novel technology called the internet was growing fast, and regulators suddenly had to grapple with how to address it. Ultimately, Congress passed legislation that provided clear rules and necessary protections while giving tech companies the breathing room to create better products. If Congress considers the same
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(b) Consistent with the goals stated in section 5(a) of this order: (i) Within 180 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of Labor and the heads of other relevant agencies, including, as appropriate, the heads of independent regulatory agencies
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U.S. President Joe Biden has signed a “historic” executive order on crypto assets, establishing “a national policy for digital assets across six key priorities,” the White House stated. The executive order outlines “the first-ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their
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Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewExecutive order enters with a whimperData from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining $42,000 into the start of trading on March 9.The pair
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Later today, U.S. President Joe Biden will sign a long-anticipated executive order on digital assets. Despite fears that the order may resound a regulatory clampdown on the industry, the language of the document is fairly favorable, the key focus being coordination and consolidation of various agencies’ efforts within a unified
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