Biden Signs Executive Order on Cryptocurrency
Biden Calls for Government Study of Digital Assets
President Outlines Plan for Responsible Development of Cryptocurrency
WASHINGTON, March 9 (Reuters) - President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies.
The executive order, titled "Ensuring Responsible Development of Digital Assets," outlines a comprehensive approach to addressing the growing popularity of cryptocurrencies.
The order directs the government to study the impact of cryptocurrencies on financial stability, national security, and climate change.
The order also calls for the creation of a working group to coordinate the government's efforts on cryptocurrency regulation.
"Cryptocurrencies have the potential to revolutionize our financial system," Biden said in a statement.
"This executive order will help us harness the potential of these new technologies while mitigating the risks," he said.
The executive order is a significant step towards regulating cryptocurrencies in the United States.
It is likely to have a major impact on the cryptocurrency industry, which has grown rapidly in recent years.
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