Here Are Your Articles for Monday, May 02, 2022 | Is this email not displaying correctly? |
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ShareSave President Biden signed an executive order on March 9, 2022. With the title of “Ensuring Responsible Development of Digital Assets,” the document details the U.S. government’s strategy regarding digital assets, including cryptocurrencies, central bank digital currencies (CBDCs), stablecoins and other types of exchange that are recorded on the blockchain.
Essentially, this executive order is a general policy statement, and it requires input from multiple different federal agencies over the next 90 days to one year. While the executive order is not a specific proposal for regulatory purposes, this EO in particular highlights three main areas:
Biden’s March 9th executive order identified six main policy areas for said reports:
The agencies that have been awarded regarding their respective roles and responsibilities under the executive order include 13 Cabinet departments:
The reports that are mandated by the executive order all come with their own set of deadlines. On the low end, deadlines are about 90 days while others many have a deadline of up to one year. Ultimately, the 2022 executive order put forth by President Biden is incredibly interesting and we highly recommend you peruse the text should this topic pique your interest! ShareSave Your Comments | |||||||||||||||
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