White House launches comprehensive plan for cryptocurrency regulation

President Biden is poised to issue a new comprehensive strategy for the federal government's treatment of cryptocurrency, the White House announced on Wednesday. The White House described the pending executive order as the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology."

The rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at the technological frontier," the White House said in a release describing the order, but also has substantial implications for consumer protection, financial stability, national security, and climate risk."

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