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US administration formulates crypto policy to protect dollar…

Mount Equity Group Tokyo Japan > News > Markets > US administration formulates crypto policy to protect dollar…

(MENAFN) According to individuals acquainted with the situation, US President Joe Biden’s government is planning to issue a preliminary government-wide policy for crypto investments as quickly as the upcoming month, gave federal departments the duty of examining the threats and benefits they present.

Said individuals further added that, the senior administration officials have gathered several times to discuss the plan, which is being formulated as an executive order. The directive, which will be submitted to Vice President Joe Biden in the following weeks, places the White House at the heart of Washington’s attempts to handle cryptocurrencies.

Through the last few years, federal agencies pursued a fragmented approach to digital investments, and Biden’s administration is strained to take the lead. Industry executives frequently complain about a loss of transparency in US rules, while some fear…

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