Biden administration issues initial agenda for cryptocurrencies

(MENAFN) US leader Joe Biden's governments issued on Friday its initial inclusive agenda of cryptocurrencies plus digital assets.

The greatly-awaited agenda, which targets for responsible improvement in the cryptocurrency market, is an outcome of a managerial command that Biden had inked in March, which requests administration agencies to discover the dangers and welfares of cryptos.

While digital assets give possible prospects to strengthen US leadership in the worldwide economic scheme, they also pose real threats as shown by latest events in crypto markets, including the crash of stable coin TerraUSD, known as UST, in May that wiped away more than USD600 billion from the market, the White House stated in an announcement.

Following thoughtful study, numerous administration agencies have recognized six key significances -- consumer and investor security; promoting economic stability; countering illicit finance; US leadership in the international economic system and monetary competitiveness; economic inclusion; as well as responsible innovation.


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