White House Issues Executive Order on Cryptocurrency
The white house issues executive order on cryptocurrency, and the news is finally out. This is a win for Crypto for the moment. They are looking to make it a safe and regulated space for investors and leave room for responsible innovation.
The government has demanded an audit on these areas.
- Consumer/investor protection
- Financial stability
- Illicit finance
- U.S. Competitiveness
- Equity and inclusion
- Privacy, security, climate
Treasury task: Is Developing policy recommendations and report on payment systems. Commerce: Will take the lead on Framework for best use the technology. Regulators: Sufficient oversight and safeguard against risk.
The white house says that crypto has no significant threat to the dollar and has been working with the industry beforehand to make their decisions for the future of cryptocurrency. This is positive news and since that crypto has slightly fluctuated in recent events.