US President Joe Biden is preparing to sign an executive order that will outline the US government’s cryptocurrency strategy.
Anonymous sources said that the order to be signed will direct federal agencies to study the national security and economic implications of digital assets.
The White House’s approach to the crypto industry has changed with the coming of sanctions on Russia and rumors that Russia can avoid sanctions by using crypto. Many officials in the country called for the rapid regulation of the sector.
No official statement has been made from the White House.
According to Bloomberg’s report, Biden’s team is under pressure when it comes to crypto. Prominent names in the crypto industry also frequently complain that regulations are not clear.
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