Biden Goes Crypto
Quote from Ndubuisi Ekekwe on March 9, 2022, 9:16 PMPresident Joe Biden ordered federal officials Wednesday to conduct a wide-ranging exploration of cryptocurrency, including the potential impact on financial markets and the feasibility of creating a national digital currency, The Associated Press reported. The executive order arrives as some lawmakers call for deeper regulation of crypto, fearful of its volatility, potential use in criminal activity, and destabilizing impact on traditional markets. The Treasury Department and several other federal agencies will undertake the investigation. (Fortune)
President Joe Biden ordered federal officials Wednesday to conduct a wide-ranging exploration of cryptocurrency, including the potential impact on financial markets and the feasibility of creating a national digital currency, The Associated Press reported. The executive order arrives as some lawmakers call for deeper regulation of crypto, fearful of its volatility, potential use in criminal activity, and destabilizing impact on traditional markets. The Treasury Department and several other federal agencies will undertake the investigation. (Fortune)