Joe biden crypto - Biden to order studies on regulating, issuing cryptocurrency

This seems a pretty significant step, but one could be forgiven for thinking this is the MiCA news that dominated headlines.

Financial advisors may soon not only get the they have asked for about — they may also have a timeline for when it will happen.

Lawyers watching the case play out in court believe it might be significant as a precedent, Angelique Chen reports.

Cameron Winklevoss, co-founder of crypto exchange Gemini, called the executive order "a watershed moment" that "paves the way for thoughtful national crypto regulation that will allow builders to build onshore and ensure that the US remains a leader in crypto," in a Wednesday.

I think investors also liked the positive tone in the order regarding innovation and competitiveness.

Description: Here's what investors need to know.

Views: 6985 Date: 09.02.2023 Favorited: 15 favorites
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That could change with more regulation, says Edward Moya, senior market analyst at foreign exchange trading firm OANDA.
The Federal Reserve, for example, has said on numerous occasions that it wants Congress to pass a law authorizing the creation of a central bank digital currency before it will consider issuing a digital dollar.
Another provision apparently orders the Director of National Intelligence DNI to brief Congress on cryptocurrencies and blockchain.

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    For instance, the crypto bank Silvergate Capital (SI-4.70%) is currently developing its own U.S. dollar stablecoin for commerce and remittance. CEO Alan Lane said on the company's most recent.
    By: BlanQtheMC|||||||||
    The appointment of former crypto industry adviser Michael Barr as the newest member of Joe Biden’s Fed team highlights how seriously regulatory agencies are taking cryptocurrency. The job is arguably the most important financial regulatory position in the United States.
    By: cathsta|||||||||
    Joe Biden, President of the United States, served as Vice President from 2009 to 2017 and in the United States Senate from 1973 until 2009. A member of the Democratic Party, he made his second presidential run in 2008, later being announced as Democratic presidential nominee Barack Obama's running mate in 2008.
    By: Dmajeur|||||||||
    Protecting consumers, reducing crime risks, and examining a potential US digital dollar are among the directives in President Joe Biden's executive order on cryptocurrencies which aims to unify.
    By: Believeitorleaveit|||||||||
    The Biden administration is calling on the Treasury to assess and develop policy recommendations on crypto. It also wants regulators to ensure sufficient oversight and safeguard against any.
    By: GabrielBonilla||||||||| - 2022
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