Showing posts from May, 2023

How Bidens Executive Order On Cryptocurrency May Impact The Fate Of Digital Currency And Assets

Biden’s executive order also devotes substantial resources and attention to the national security issues posed by digital assets, including issues of money laundering and sanctions evasion. Clearly, Russia’s invasion of Ukraine elevated the importance of national security in the White House’s executive order on crypto. Likewise, the statement from the White House accompanying the order is jointly written by NEC Director Deese and NSA Advisor Sullivan. There are many comparative advantages of cryptocurrency relative to traditional forms of online financial transactions. Using one source to connect to a unified global financial system may sound like a futuristic idea, but with digital currencies, it is not that far away. Price volatility has long been one of the features of the cryptocurrency market. Digital Versus Traditional Currency In conclusion, the executive order lays out a road map for the Administration’s future actions. It appears to give further impetus behind the Federal