NEW: An executive order issued by Biden today will move the government one step closer to a policy framework that would legitimize — and regulate — crypto's use in the U.S.
President Biden will issue wide-ranging executive order today tasking multiple government agencies with developing policy recommendations on digital assets and cryptocurrencies.The order is an acknowledgement that crypto is here to stay, and moves the government one step closer to a policy framework that would legitimize — and regulate — its use in the U.S.
The Treasury Department is tasked with issuing recommendations to address consumer and investor protections. The Financial Stability Oversight Council is expected to identify economy-wide, systemic financial risks posed by crypto and offer up recommendations to address regulatory gaps. Finally, the order encourages the Federal Reserve to research the possible development of a U.S. central bank digital currency.Each of the agencies has its own timeframe for when it's expected to present policy recommendations — some are 60 to 90 days, while others are as long as 180 days.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
White House reaches out to Venezuela, a longtime foe, amid Russia crisisVenezuela has long been one of America's most bitter adversaries. But amid the crisis with Russia and soaring gas prices, the Biden administration is reaching out to the Latin American country.
Read more »
Pfizer’s CEO Reveals Negotiations With The Trump White House And How The Vaccine Was PricedIn an exclusive excerpt from Moonshoot, Dr. Albert Bourla recalls the fraught negotiations with the Trump White House and other world leaders to distribute a Covid-19 shot at warp speed—and equitably.
Read more »
White House says 'no decision' made on banning Russian oil importsPresident Joe Biden has not made a decision about banning Russian oil imports into the U.S., White House press secretary Jen Psaki said on Monday. 'No...
Read more »
White House: No decision made on banning Russian oilPresident Joe Biden has not made a decision on whether the U.S. will ban Russian oil imports.
Read more »