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His reporting primarily focuses on to continue. PARAGRAPHWhen President Joe Biden signed an executive order aimed at cryptocurrency this week, it marked a pivotal moment in the history of digital currencies, taking companies began accepting it as a form of payment.
Department of Treasury and other federal agencies to study the skyrocket, crypto companies made splashy.
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| Biden bitcoin regulation | Follow the topics in this article US financial regulation. The order also directs the government to support technological advances that would jumpstart the use of crypto and digital assets with privacy and security in mind. Biden's executive order has been widely anticipated by the finance industry and crypto traders, as well as lawmakers who have compared today's cryptocurrency market to the Wild West. Today, global standard-setting bodies are establishing policies, guidance, and regulatory recommendations for digital assets. To promote safe and affordable financial services for all, the Administration plans to take the following steps: Agencies will encourage the adoption of instant payment systems, like FedNow, by supporting the development and use of innovative technologies by payment providers to increase access to instant payments, and using instant payment systems for their own transactions where appropriate � for example, in the context of distribution of disaster, emergency or other government-to-consumer payments. To fight the illicit use of digital assets more effectively, the Administration plans to take the following steps:. The Biden administration views the explosive popularity of cryptocurrency as an opportunity to examine the risks and benefits of digital assets, said a senior administration official who previewed the order Tuesday on the condition of anonymity, terms set by the White House. |
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How crypto regulation may fare under the Joe Biden administration8/3/ � Senators Stabenow and Boozman introduce a bipartisan bill that would centralize the CFTC as the primary regulator of crypto markets. WASHINGTON � President Biden signed an executive order on Wednesday directing the federal government to come up with a plan to regulate. One section of the White House's new framework on crypto regulation focuses on eliminating illegal activity in the industry � and the measures.
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