Published just a bit early, the Treasury Department’s statement on President Biden’s executive order on digital assets calls for collaboration across government agencies to ensure security for consumers and investors.
A statement from U.S. Treasury Secretary Janet Yellen on President Joe Biden’s executive order regarding digital assets calls for efforts to support innovation while addressing risk in the industry.was released a day early apparently by error and quickly deleted, but was captured on a web archive. It shares early insights into the details of President Biden’s soon to be released executive order. The order will call for “a coordinated and comprehensive approach to digital asset policy.
Yellen’s statement said that the executive order could “result in substantial benefits for the nation, consumers, and businesses.” “It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.” Yellen also outlined the next step the Treasury Department will take in learning to understand digital assets and how to regulate them within the parameters of the executive order.since Jan. which an unnamed source told Barron’s said will help “give coherency to what the government is trying to do in this space.”
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