Joe biden crypto. Biden to order studies on regulating, issuing cryptocurrency

Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator

This was perhaps the biggest story in the U. There's more to it than that but this is a quick tl;dr. According to : a BRIEFING.

Next

Biden to order studies on regulating, issuing cryptocurrency

The legislation will now go to other EU groups for further negotiations and debate.

Next

Biden Issues Long

Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.. I think investors also liked the positive tone in the order regarding innovation and competitiveness. Biden's order will ask the Justice Department to look at whether a new law is needed to create a new currency, with the Treasury, Securities and Exchange Commission, Federal Trade Commission, Consumer Financial Protection Commission and other agencies to study the impact on consumers.

Next

Cryptocurrency executive order: Biden orders study of risks and a digital dollar

More regulation and openness to innovation could also benefit many stocks in the space. The timing of the order was first reported by Bloomberg. CEO Alan Lane said on the company's most recent earnings call that while a U.

Next

Cryptocurrency executive order: Biden orders study of risks and a digital dollar

The Biden order, likely to come on Wednesday, comes amid heightened concern about the use of cryptocurrencies by Russian elites to circumvent Western sanctions that have cut Russia off from large portions of the global economy, and moves by China and other economies to create their own cryptocurrencies. Why it matters This was perhaps the biggest story in the U.

Joe Biden’s Crypto Executive Order Is a Symbol

I am so very tired. That's likely a good thing for crypto investors, experts say.