The Biden administration is reportedly expected to release an executive order on regulating digital assets next week.
Executive order on crypto policy coming next week: report
February 18, 2022 / By ICBA
The Biden administration is reportedly expected to release an executive order on regulating digital assets next week.
The Biden administration is reportedly expected to release an executive order on regulating digital assets next week.
EO Report: Yahoo Finance reported that the order will commission a study on central bank digital currency and direct agencies to report on the future of money and payment systems, market competition, consumer protection, international coordination, and more.
DOJ News: The news came the same day as the Justice Department named Eun Young Choi as the first director of the National Cryptocurrency Enforcement Team, effective immediately. Choi has been at DOJ for nearly a decade, most recently as senior counsel to the deputy attorney general.
ICBA Position: In a written statement for a Senate hearing this week, ICBA reiterated its call for policymakers to take a comprehensive regulatory approach to stablecoins and other digital assets, noting that community bank participation will help mitigate crypto risks.
Subscribe now
Sign up for the Independent Banker newsletter to receive twice-monthly emails about new issues and must-read content you might have missed.
Sponsored Content
Featured Webinars
Join ICBA Community
Interested in discussing this and other topics? Network with and learn from your peers with the app designed for community bankers.
Subscribe Today
Sign up for Independent Banker eNews to receive twice-monthly emails that alert you when a new issue drops and highlight must-read content you might have missed.
News Watch Today
Join the Conversation with ICBA Community
ICBA Community is an online platform led by community bankers to foster connections, collaborations, and discussions on industry news, best practices, and regulations, while promoting networking, mentorship, and member feedback to guide future initiatives.
Join the Community Example Text
