Cryptocurrency Executive Order

What is happening? This week President Biden issued an Executive Order concerning cryptocurrency to  centralize regulatory enforcement, protect consumers, and mitigate the fiscal and human costs of crypto misuse.

Why is this important? The Federal Reserve back a new Central Bank Digital Currency (CBDC) thereby laying the groundwork for a US backed digital currency that is indexed to the value of real-world cash, rather than subject to wild price fluctuations.

How will this be important? The EU is steps ahead and near passing legislation on cyrptoassets.

Computer World | Biden issues executive order on crypto regulation, stablecoin proposal