Regulators and industry leaders react to Biden‘s executive order on crypto
"The proverbial doors of policymakers are wide open, this is now a national conversation in the U.S.," said Circle CEO Jeremy Allaire.
Joe Biden has signed his 82nd executive order since being sworn into office in January 2021, directly addressing a regulatory framework for digital assets in a rare moment for the U.S. president.
In a Wednesday announcement, the White House said President Biden's executive order required government agencies to explore the potential rollout of a United States central bank digital currency as well as coordinate and consolidate policy on a national framework for crypto.
Many media outlets previously reported the U.S. president had initially planned to sign the executive order in February, an event that was likely postponed following Russia’s military actions in Ukraine.
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