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Biden issues executive order on digital assets
BIDEN ISSUES EXECUTIVE ORDER ON DIGITAL ASSETS
— db (@tier10k) March 9, 2022
DOES NOT ANNOUNCE ANY NEW REGULATIONS
DIRECTS AGENCIES TO DEVELOP POLICY RECOMMENDATIONS
FOCUS ON CONSUMER PROTECTION, FINANCIAL STABILITY, ILLICIT FINANCE, PROMOTING U.S. LEADERSHIP, FINANCIAL INCLUSION AND RESPONSIBLE INNOVATION
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U.S. CORE POLICY OBJECTIVE REMAINS TO MAINTAIN CENTRALITY OF DOLLAR IN GLOBAL MARKETS - U.S. OFFICIAL
— db (@tier10k) March 9, 2022
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President Biden to Sign Executive Order on Ensuring Responsible Innovation in Digital Assets
Digital assets, including cryptocurrencies, have seen explosive growth in recent years, surpassing a $3 trillion market cap last November and up from $14 billion just five years prior. Surveys suggest that around 16 percent of adult Americans – approximately 40 million people – have invested in, traded, or used cryptocurrencies. Over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs), a digital form of a country’s sovereign currency. The rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at the technological frontier, ... (full story)
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