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Just In: Biden to Sign Executive Order to Regulate Cryptocurrency after Assault on Dollar

Joe Biden is expected to sign an executive order on regulating cryptocurrency this week according to a report by Bloomberg based on anonymous sources.

According to the report, “The order will direct federal agencies to examine potential regulatory changes, as well as the national security and economic impact of digital assets.”

The executive order will reportedly help coordinate the role of agencies such as the Securities and Exchange Commission and Commodity Futures Trading Commission on cryptocurrency. Industry actors have long complained that guidance from the SEC and other agencies has been unhelpful as they seek to be compliant with U.S. law.

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