BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report

Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report
The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month.
US Government-Wide Crypto Strategy
The Biden administration is reportedly preparing to release an initial government-wide strategy on digital assets, including cryptocurrencies. The strategy is being drafted as an executive order, Bloomberg reported Friday, citing people familiar with the matter, who revealed that senior administration officials have held multiple meetings on the plan.
The finalized executive order is expected to be on President Joe Biden’s desk in the coming weeks, the publication conveyed, adding that the strategy could be released as soon as next month.
The directive will detail economic, regulatory, and national security challenges posed by cryptocurrencies. It will direct various federal agencies to weigh in with their assessments of crypto’s risks and opportunities. They will be asked to submit reports of their findings in the second half of 2022.
For example, the Financial Stability Oversight Council will evaluate the possible systemic impacts of digital assets. Another report will determine illicit uses of cryptocurrencies.

The Biden administration is also expected to weigh in on the prospect of the Fed issuing a central bank digital currency (CBDC). On Thursday, the Federal Reserve issued a long-awaited report on CBDC and opened a public comment period until May 20.
Some people have voiced concerns that the U.S. is falling behind other countries, particularly China, in its development of a central bank digital currency. However, Federal Reserve Chairman Jerome Powell has insisted that the U.S. is not falling behind and the U.S. dollar’s status as the world’s reserve currency is not at risk.
What do you think about the Biden administration drafting a government-wide crypto strategy? Let us know in the comments section below.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



SneakPeek Script
Setup, Upload and Go!