According to a Reuters source on March 7, US President Joe Biden is about to sign an executive order directing the Justice Department, Treasury Department and several related units to study legal and economic ramifications to create a new kind of technology. U.S. Central Bank Cryptocurrency.
The source detailed that the executive order is likely to be issued on March 9 and sets a 180-day deadline for a series of reports on the “future of money” and the role of cryptocurrencies in the landscape. present development.
Specifically, Biden's executive order will ask the Justice Department to consider whether a new law is needed to create a new currency, working with the Federal Trade Commission, the Financial Protection Consumers themselves and other agencies study the impact on consumers.
Last year, US Treasury Secretary Janet Yellen warned of the "danger of explosion" from the digital market, including the misuse of cryptocurrencies, but she also said financial technologies. New developments could also help to better control crime and reduce inequality.
In addition, the Reuters source also said a few other studies on the impact of cryptocurrencies on competitiveness; market and the necessary technical infrastructure as well as the environmental impact of mining... will be realized.
