Decree on Digital Asset Regulation to Be Signed in the US

During this week, the US president may sign a document governing the regulation of cryptocurrencies. 

Joe Biden is ready to sign the decree, which will outline the strategy of the US government regarding the cryptocurrency regulation. This is reported by Bloomberg, citing informed sources. 

According to the document, by the end of the year, federal agencies will have to examine potential regulatory changes, as well as the national security and economic impact of digital assets. 

The document should fix the key provisions of the SEC and CFTC’s work in the context of crypto market regulation, including areas of responsibility and interagency coordination. The roles would also be spelled out for other government agencies involved in the regulation of digital assets. The directive may contain information about the issuance of CBDCs as well. Indirectly, US Treasury Secretary Janet Yellen confirmed information about the forthcoming decree. She published a statement on the Treasury Department’s website welcoming the presidential order on measures to regulate the crypto market. The message was promptly removed from the departmental portal but has already made it to the web archive.

Author: Alex Golovakha
#Cryptocurrency #Regulation