US President Joe Biden’s highly anticipated crypto-related executive order will be released later today.
The Block has accessed a document outlining the key points of regulation in the US, described as a “first, all government” approach to overseeing the industry. According to the document obtained by The Block, President Joe Biden’s much-anticipated executive order is scheduled to be issued around 2:00 pm.
The memo describes the decree as “outlines a first, all-government approach to addressing risks and reaping the potential benefits of digital assets and their underlying technologies.”
According to previous reports, the crypto money market thought that the US decree would create negativity. However, according to the information obtained, the decree is more benign than expected.
Key Topics Covered in the Document
- Protecting US consumers, investors and businesses
- Maintaining US and global financial stability and reducing risk
- Digital assets Illegal financing and reduce national security risks arising from its illegal use
- Promote US leadership in technology and economic competitiveness to strengthen US leadership in the global financial system
- Promote safe and fair access and responsible digital assets
- To work on a US Federal Reserve Digital Currency (CBDC)
In the document, 16% of the US adult population (approximately 40 million people) own cryptocurrencies It was also stated that 100 countries are working for CBDC.
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