As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by APNEWS.COM:
WASHINGTON (AP) — President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.
The Biden administration views the explosive popularity of cryptocurrency as an opportunity to examine the risks and benefits of digital assets, said a senior administration official who previewed the order Tuesday on the condition of anonymity, terms set by the White House.
The article goes on to state the following:
Under the executive order, Biden also has directed the Treasury Department and other federal agencies to study the impact of cryptocurrency on financial stability and national security.
“President Joe Biden is signing an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.” via @Fatimathefatima https://t.co/vGC00KLAMQ
— Michael Tackett (@tackettdc) March 9, 2022
To get more information about this article, please visit APNEWS.COM.
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