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What Joe Biden’s Executive Order On Digital Assets Really Means — Tyler Durden

Summary:
This week, your inbox is likely overflowing with two observations – President Biden’s Executive Order on digital assets and the positive price response to what was supposed to be old news. It was as though digital assets exhaled a sigh of relief with the release of the Order. And it went further than expected. The Order is the first-ever ‘whole-of-government approach,’ with broad goals of supporting digital asset innovation, guarding consumer protections, ensuring financial stability, and playing a leading role in international finance. It resets the tone around digital assets – agencies will work together to integrate new technologies into the mainstream. We see four key points of emphasis....Zero HedgeWhat Joe Biden's Executive Order On Digital Assets Really MeansTyler

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This week, your inbox is likely overflowing with two observations – President Biden’s Executive Order on digital assets and the positive price response to what was supposed to be old news. It was as though digital assets exhaled a sigh of relief with the release of the Order. And it went further than expected. The Order is the first-ever ‘whole-of-government approach,’ with broad goals of supporting digital asset innovation, guarding consumer protections, ensuring financial stability, and playing a leading role in international finance. It resets the tone around digital assets – agencies will work together to integrate new technologies into the mainstream. We see four key points of emphasis....
Zero Hedge
What Joe Biden's Executive Order On Digital Assets Really Means
Tyler Durden
https://www.zerohedge.com/crypto/what-joe-bidens-executive-order-digital-assets-really-means

See also at ZH

Bitcoin Slides Ahead Of EU Vote Which Could "Practically" Ban Key Digital Currencies

https://www.zerohedge.com/crypto/bitcoin-slides-ahead-eu-vote-which-could-practically-ban-key-digital-currencies
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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