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{"id":17157,"date":"2023-01-20T23:01:52","date_gmt":"2023-01-20T23:01:52","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/white-house-issues-its-executive-order-on-cryptocurrencies\/"},"modified":"2023-01-20T23:01:53","modified_gmt":"2023-01-20T23:01:53","slug":"white-house-issues-its-executive-order-on-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/white-house-issues-its-executive-order-on-cryptocurrencies\/","title":{"rendered":"White House issues its executive order on cryptocurrencies"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/03\/09\/biden-white-house-issues-executive-order-on-cryptocurrencies\/<\/a><\/br>
\nWhite House issues its executive order on cryptocurrencies<\/br>
\n2023-01-20 23:01:52<\/br><\/p>\n

\n

The Biden White House showed off a new executive order on Wednesday regarding the regulation of cryptocurrencies. The order essentially lays out a broad strategy for how the government plans to balance consumer protection while ensuring that the United States continues to be a space for innovation in the sector.<\/p>\n

For those in the crypto sector concerned about aggressive government intervention, the order\u2019s language seems to signal that the Biden White House is uninterested in sweeping near-term reforms and is instead merely focused on ensuring that agencies are on the same page in researching and observing the national security implications of the crypto industry.<\/p>\n

\u201cThe rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at the technological frontier, but also has substantial implications for consumer protection, financial stability, national security, and climate risk,\u201d a fact sheet<\/a> issued by the White House reads.<\/p>\n

The press release lays out seven major goals of the executive order with added detail:<\/p>\n