Regulation of crypto currencies made an important step forward as Joe Biden signed an executive order this Wednesday outlining a national policy for digital assets.
The executive order identifies six priority areas: consumer and investor protection, financial stability, illicit finance, U.S. leadership in the global financial system and economic competitiveness, financial inclusion and responsible innovation.
The order specifically directs different areas of the government, such as the department of Treasury, the Financial Stability Oversight Council and the Department of Commerce to develop policy recommendations addressing the implications of the digital asset sector.
Particular emphasis is given to the exploration of the creation of a US Central Bank Digital Currency and promotion of US leadership in technology and economic competitiveness globally.
According to surveys approximately 16% of adult Americans have invested in, traded or used crypto currencies.
