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ARTICLE · 15 MARCH 2022

Spotlight On President Biden's Executive Order On Digital Assets With Focus On Cryptocurrency

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On March 9, 2022, President Biden issued an Executive Order on Ensuring Responsible Development of Digital Assets (EO).

United StatesTechnology

On March 9, 2022, President Biden issued an Executive Order on Ensuring Responsible Development of Digital Assets (EO). The EO sets forth a "whole-of-government strategy" for approaching the federal regulation of digital assets, with a particular focus on consumer protection, financial stability, national security and climate-related risks. The EO's stated policy objectives also include reinforcing "United States leadership in the global financial system and in technological and economic competitiveness," and supporting "technological advances that promote responsible development and use of digital assets." In short, the EO signals that the Biden Administration is committed to encouraging the safe and responsible development of digital assets in the United States.

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