The White House is in the course of preparing an executive order directed at cryptocurrency, according to several unnamed sources cited by Bloomberg. The report described the potential order as part of the Biden Administration’s attempt to set up a government-wide approach to regulating the sector.
The Bloomberg report suggested the focus of any order would be on directing federal agencies to conduct research and produce recommendations:
„The proposed directive would charge federal agencies to study and offer recommendations on relevant areas of crypto—touching on financial regulation, economic innovation and national security, said the people, who asked not to be named discussing plans that are still under consideration … The framework would touch a range of bureaucracies, from the Treasury Department and financial regulators to the Commerce Department, the National Science Foundation and national security agencies.”
The report also noted that, while a draft of the order has cir
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