President Joe Biden pleasantly surprised the cryptocurrency market by issuing a comprehensive (yet vague) executive order that will inform how the government will oversee the booming industry. So what happens next? The U.S. Treasury is leading or participating in most of the studies, which range on average from 60-180 days....
President Biden signed an Executive Order today directing several federal agencies to begin focusing their efforts on the growing cryptocurrency field – a development that will surely lead to further mass adoption by ordinary Americans and amplify the need for businesses to adopt their own cryptocurrency policies and practices. The...
Republic Crypto head Andrew Durgee calls Biden’s plan to regulate digital assets a ‘mixed bag.’ More than one month after President Biden signed an executive order ensuring the responsible development of digital assets and cryptocurrencies, one market expert sounded the alarm on the “seemingly disorganized” effort. “The executive order is...
U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies. It’s a long-awaited directive that has had the crypto industry on edge, not least due to growing regulatory concern around the world surrounding the nascent digital asset market....
Musk disclosed his stake in a Schedule 13G filing Monday, used by investors who are taking a passive stake in a company, which means he didn’t plan to seek control of the company or influence its policies. That was promptly contradicted by Twitter’s announcement that it planned to name Musk...
President Joe Biden’s long-awaited executive order about cryptocurrency is finally here. While the order is the first major attempt to bring the government together around regulating crypto, it’s not quite the crackdown some expected from an administration that has spent months warning about impending oversight. In fact, a lot of...
On Wednesday, the White House announced that President Biden would enact an executive order to engage most of the federal agencies within the executive branch to evaluate the threats, opportunities, and obstacles that the cryptocurrency asset class presents. While Biden’s edict contained no regulatory or policy recommendations directly, it set the expectation that...
Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. The White House took a big...
Less than 24 hours after U.S. President Biden’s executive order, cryptocurrency markets were back in the red, as the global market cap fell by over 5%. Bitcoin was once again trading below $40,000, with ETH hovering marginally above $2,500. Bitcoin As the smoke clears following yesterday’s executive order, crypto traders...
Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted that U.S. President Joe Biden’s executive order to regulate cryptocurrency will mark the downfall for the asset class. What Happened: In a tweet on Wednesday, Kiyosaki told his 1.8 million Twitter followers that he expects all cryptocurrencies to be seized and folded...
