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ARTICLE · 11 MARCH 2022

President Biden Signs Executive Order Outlining Crypto Policy

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On March 9, President Biden signed a highly anticipated executive order outlining his administration's cryptocurrency policy. We have previously blogged about the...

United StatesTechnology

On March 9, President Biden signed a highly anticipated executive order outlining his administration's cryptocurrency policy. We have previously blogged about the Biden administration's working group on stablecoins and the Federal Reserve's report on a potential U.S. central bank digital currency ("CBDC").

In a White House Fact Sheet, the executive order targets six priorities including:

  • Consumer and investor protection
    • By encouraging regulators to ensure sufficient oversight and safeguard against any systemic financial risks posed by digital assets.
  • Financial stability
    • By encouraging the Financial Stability Oversight Council to identify and mitigate economy-wide (i.e., systemic) financial risks posed by digital assets.

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