In a content we shared with you yesterday; We mentioned that US President Joe Biden is about to sign a decree on cryptocurrencies. This happened, and Biden signed the decree in the past hours. With this signature, the strategy of the USA on cryptocurrencies has also become clear.
In the statements made by the White House, “In order to benefit from the benefits of digital assets and their underlying technologies and to eliminate the risks, President Biden will sign the presidential decree today, in which the state will adopt an approach with all of its institutions and with all its institutions. The Emir has 6 priority articles on the management of digital assets. determined.” While the statements were given, it was also explained what these items were.
Here are the 6 things the USA cares about in cryptocurrencies
- Consumer and investor protection
- Financial stability
- Illegal finance
- US leadership in global finance and economic struggle
- Financial participation
- Supporting responsible innovation
In our news yesterday, this decree and we mentioned that the US Federal Reserve will be authorized to issue digital money. It was as expected. In the decree signed by Joe Biden, the US Federal Reserve was instructed to carry out work on the subject. In the statements made, “The Decree directs the US government to investigate the infrastructure and technological needs required for the issuance of a CBDC. In doing so, it should also be reviewed whether issuing a CBDC is in the interest of the US people.” statements were included. In addition, the Ministry of Treasury and Finance and the Securities and Exchange Commission will evaluate the advantages and risks associated with the use of cryptocurrencies.
The US decree was important to crypto markets globally. In fact, the information that emerged earlier was that the USA would not turn its back on cryptocurrencies. However, there was also the case that such a thing did not happen. Especially with the Russia-Ukraine war, there was talk that cryptocurrencies should be banned or put under strict control. In the US decree, such a situation did not occur.
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