Details Expected To Be Released Wednesday

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Biden to Issue Executive Order on Cryptocurrencies

Details Expected to Be Released Wednesday

Event to Highlight Crypto, Blockchain, and Web3

President Joe Biden is expected to sign an executive order on Wednesday that will direct the government to study the risks and benefits of cryptocurrencies. The order is part of a broader effort by the Biden administration to develop a comprehensive regulatory framework for digital assets.

The executive order is expected to cover a wide range of issues, including the potential for cryptocurrencies to be used for illicit activities, the impact of cryptocurrencies on financial stability, and the need for consumer protection.

The Biden administration has been under pressure from both the crypto industry and consumer advocates to provide more clarity on how it will regulate digital assets. The executive order is seen as a first step in that process.

The executive order is also expected to highlight the potential benefits of cryptocurrencies and blockchain technology. The government is particularly interested in exploring the use of cryptocurrencies for cross-border payments and the development of new financial products and services.

The executive order is expected to be released on Wednesday, March 9, 2022. A press conference will be held at the White House to discuss the details of the order.

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