Joe Biden orders study of cryptocurrency risks and a digital dollar
CNN
President Joe Biden signed an executive order Wednesday establishing the first-ever federal strategy on cryptocurrencies, the White House said.
Biden ordered the exploration of a digital currency operated by the US central bank digital, and he encouraged regulators to identify and mitigate risks digital assets pose to the financial system and broader economy.
"The E.O. will help position the U.S. to keep playing a leading role in the innovation and governance of the digital assets ecosystem at home and abroad, in a way that protects consumers, is consistent with our democratic values and advances U.S. global competitiveness," National Economic Council director Brian Deese and national security adviser Jake Sullivan said in a statement.
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