The Biden administration has released its first-ever comprehensive framework aimed at regulating digital assets like cryptocurrencies, including cracking down on fraud and fostering financial stability.
In March, President Joe Biden issued an executive order seeking to ensure the responsible development of digital assets. Since then, multiple government agencies have been framing policies aimed at pushing six areas of focus outlined in the order: protecting investors and customers; ensuring financial stability; countering illicit finance; promoting U.S. leadership in the global financial system; responsible innovation; and financial inclusion. Nine reports have been submitted to Biden to date, according to a White House fact sheet released on Sept. 16.
