President Joe Biden signed an executive order Wednesday on innovation in digital assets. The order outlines a “whole-of-government” approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.
Digital assets, including cryptocurrencies surpassed a $3 trillion market cap last November, and surveys suggest around 16% of adult Americans – approximately 40 million people – have invested in, traded, or used cryptocurrencies, according to the White House.
Specifically, the Executive Order: