President Joe Biden is expected to sign an executive order this week prompting different federal agencies to look into cryptocurrencies and examine how they should be regulated in the US, according to multiple reports.
The bill could be signed as soon as Wednesday. It will not lay out specific policy, according to Politico. Instead, it will direct agencies to complete a series of studies over the coming months.
„We could see a significant shift in policy in 180 days. This is a likely step toward creation of a central bank digital currency,” a source familiar with the subject told Reuters.
Among the other areas expected in the EO is a directive to the Treasury Department, Justice Department, Commerce Department and other agencies to review a possible central bank digital currency.
The Environmental Protection Agency and Office of Science and Technology Policy will also look into the potential impacts of crypto on the environment.
Overall, the anticipated contents of the EO are less
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