Biden to Sign Executive Order About Crypto Regulation – Bloomberg

US President Joe Biden will sign an executive order about the regulation of digital assets, Bloomberg reports citing people familiar with the matter.

According to the document, federal agencies should study potential changes in legislation, as well as the impact of cryptocurrencies on national security and the country’s economy, by the end of the year.

In particular, it is expected to coordinate the work of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). In addition, the decree provides for the definition of roles for government agencies – from the State Department to the Department of Commerce.

According to Bloomberg, the decree may also contain a mention of considering the possibility of issuing a CBDC.

Earlier, Congressman Tom Emmer proposed amending the Federal Reserve Act so that the Federal Reserve would not be allowed to offer central bank digital currency (CBDC) directly to individuals.

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