WHITE HOUSE STATEMENT

 

Biden signed an executive order today calling on the government to examine the risks and benefits of cryptocurrencies. It’s a long-awaited directive that has had the crypto industry on edge, not least due to growing regulatory concern around the world surrounding the nascent digital asset market.

 

There had been reports of a divide between White House officials and Treasury Secretary Janet Yellen leading to delays in the policy rollout. The crypto market got wind of the executive order overnight after Treasury accidentally put out a statement calling it “historic” and releasing some of the details ahead of time.

 

The order was finally signed Wednesday. It calls on federal agencies to take a unified approach to regulation and oversight of digital assets, according to a White House fact sheet.

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