Joe Biden’s White House is expected to issue an executive order in the coming weeks about actions the U.S. government will take regarding digital assets.
A source “familiar with the White House’s plan” told Barron’s that the executive order would be issued in a national security memorandum. Biden’s memorandum would assign some government entities to study crypto, stablecoins, and nonfungible tokens (NFT) with the goal of developing a workable regulatory framework.