President Biden Issues His Long Awaited Cryptocurrency Executive Order
Updated: Mar 27, 2022
President Biden’s long-awaited Executive Order on cryptocurrency sent waves throughout the financial world in early March. The policy highlights six key priorities: 1) consumer and investor protection; 2) financial stability; 3) illicit finance; 4) U.S. leadership in the global financial system and economic competitiveness; 5) financial inclusion, and 6) responsible innovation.
President Biden’s Executive Order on digital assets presented a thoughtful and comprehensive national approach to cryptocurrency regulation. Overall I am excited about this comprehensive framework, since I think it creates a path toward the regulatory clarity needed for mass institutional adoption of Bitcoin and other digital assets.
I shared my thoughts on the Executive Order with Time Magazine in early March. Read the article here.