On Wednesday, the U.S. president signed a first-of-its-kind executive order on digital currencies that instructs federal agencies to coordinate their efforts U.S. President Joe Biden directed federal agencies to coordinate their efforts at drafting cryptocurrency regulations in a first-of-its-kind executive order on Wednesday.According to a fact sheet accompanying the order, a „whole-of-government” effort aims to regulate cryptocurrency—including consumer protection, financial stability, illicit uses, leadership in the global financial sector, financial inclusion, and responsible innovation.In the first executive order specifically addressing the growing digital asset sector, the administration directs federal agencies to better communicate their initiatives in the sector, without laying out any specific positions the administration wants them to adopt.Additionally, cryptocurrency companies will not be subject to any new regulations in the order.As a senior administration official to
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