Executive Order on Cryptocurrency tackles consumer protection, financial stability, national security and climate risks. Administration calls it the first whole-of-government strategy to rein in cryptocurrencies. 16% of all adult Americans – or 40 million people – invest in, trade or use cryptocurrencies, officials say. Order places urgency on additional research and development toward a U.S. version of a digital dollar. It also tasks the Federal Reserve with continuing its research into a digital digital dollar and requires the Treasury Department to produce a report on the future of money and payment systems.”]
Source: https://www.cuinfosecurity.com/president-joe-biden-signs-executive-order-on-cryptocurrency-a-18685