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What to Expect from Biden’s Executive Order on Crypto

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What does the White House’s roadmap on crypto mean for investors?


Key points

  • President Biden’s long-awaited executive order calls on various federal agencies to engage with cryptocurrencies and digital assets.
  • Biden addresses the need for consumer protection and protections against illicit finance, but also stresses some benefits of crypto.
  • Biden says investigations into the benefits of a digital dollar are of the utmost urgency.

President Biden issued a much-anticipated executive order on cryptocurrency and digital assets today, setting out key priorities and a roadmap for coming months. Price-wise, the initial reaction to the order (which has been in the works for some time) was positive. Market leader Bitcoin (BTC) gained around 9%, and broke the $40,000 barrier again.

So what’s…

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