Biden's executive order on digital assets drops at 6:00 AM EST

2022/03/09 09:18

A much-anticipated executive order from President Joseph Biden is scheduled to drop at 6:00 AM EST, according to a fact sheet reviewed by The Block. The fact sheet describes the order as "outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology." Per earlier reporting, the order is fairly benign, despite early fears of a pending crackdown. It does, however, emphasize an all-of-government approach, calling on new work from the Treasury, Financial Stability Oversight Council, Federal Reserve and national security agencies on relevant portions of the crypto ecosystem.
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