U.S. President Biden will sign an executive order regulating cryptocurrency
Next week, Biden is expected to issue an executive order that will require government agencies to study cryptocurrencies and the digital currency Central Bank. After that, develop a statewide strategy to regulate digital assets.
After Biden's executive order, state agencies will report their reports to the White House within three to six months. Late last year, it was also mandated to study the risks of stablcoin.
The SEC chairman, in addition, answered why they refuse to approve a spot BTC-ETF. The reason is not to meet the requirements of the Exchange Act, which does not allow to prevent manipulative actions.
