Biden executive order crypto
US President Joe Biden will reportedly issue an executive order in the week of February 21st which will direct state agencies to begin formulating a government-wide plan to regulate crypto assets. The torments of the global crypto market seem never-ending as the business has fallen prey to fear yet again.
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The idea behind this order will be to regulate crypto and come up with a strategy that works on all fronts.
. The order will task various agencies to study CBDCs or central bank digital currencies as well as develop a report on the future of money and payment systems an. Reports suggest that the US President Joe Biden will issue a crypto executive order this week. This means that the US could soon have an impact on the crypto market.
Folks from the business fret over the implications as the market falls to fear. Netizens have been contemplating the recent pull-back to be repercussions of an incoming crypto executive. And since the price is already below 40k it could be concerning for this bull-run.
Crypto executive order from the Biden government is expected next week.
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