US President Joe Biden will sign an executive order regulating cryptocurrencies next week


US President Joe Biden is expected to issue an executive order next week directing government agencies to study cryptocurrencies and central bank digital currencies (CBDCS) and propose a government-wide strategy for regulating digital assets, according to Yahoo Finance.The forthcoming directive will commission a study of central bank digital currencies and require a range of agencies, including the Treasury, State, Justice and Homeland Security departments, to produce a report on the future of currencies and payment systems, according to a government official briefed on the matter.The directive also calls for a study of measures to protect consumers, businesses and investors, and an in-depth study of the privacy issues of digital assets, as well as the potential impact of distributed ledger technology and the environment.The study will be completed within 90 to 180 days.At the same time, the Director of the Office of Science and Technology Policy will conduct a technical assessment of what might be needed to support the CBDC system.The United States is not only the fastest growing region for the crypto industry, but also one of the most active countries in regulating the crypto industry.As the governments of various countries gradually realize that just blocking the development of encryption field is not a long-term solution, the attitude of the United States government also from the negative wait-and-see bright to actively explore, in an attempt to continue to maintain their international leading position in the field of encryption.While the United States has shown a relatively tolerant attitude toward cryptocurrencies, recognizing them as legitimate assets.On February 16, Colorado Governor Jared Schutz Polis told CNBC that he was planning a framework that would allow Colorado residents to start paying taxes in Bitcoin and other cryptocurrencies.But the information summary can feel the United States to release a strong signal: crack down on cyber crimes in the field of encryption.On February 18, DEPUTY Attorney General Lisa Monaco announced in a speech at the Munich Cybersecurity Conference that Eun Young Choi would be appointed to lead her cryptocurrency enforcement team.Choi, monak’s senior counsel, spent nearly a decade as a cybercrime coordinator and assistant prosecutor in New York.This follows news that the FBI has created a new cryptocurrency unit dedicated to cybercrime, led by an experienced computer crime prosecutor responsible for blockchain analysis and virtual asset seizures.In early February, a New York couple was arrested for laundering more than $4.5 billion in Bitcoin.In late 2021, the 117th Congress introduced 35 bills focusing on cryptocurrency and blockchain policies.Members of Congress have proposed three different types of bills: 1, cryptocurrency regulation, 2, application of blockchain technology, and 3, central bank digital currency (CBDC).The first set of bills focused on how regulators like the SECURITIES and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) would regulate crypto and blockchain tokens.In 2022, the SECURITIES and Exchange Commission (SEC) will continue to increase its oversight of the cryptocurrency space.The SEC has issued several announcements warning investors about the trading risks associated with encrypted accounts.The SEC’s regulatory powers are mainly in the securities area, and if cryptocurrencies have the properties of securities, or if tokens are traded with the properties of securities, they are subject to SEC oversight.With the rapid development of the cryptocurrency market and its rapid expansion in breadth and depth, the market also needs to embrace a more detailed, three-dimensional, flexible regulatory framework and system.Join the community and learn the latest developments in the blockchain world!Telegram channel: https://t.me/ok_telegraph telegram community: https://t.me/ok_telegraph_forum telegram search “Ouke chain message” concern we don’t get lost oh ~

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