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White House Weighs Wide-Ranging Push for Crypto Oversight

  • Draft executive order part of plan to coordinate agencies
  • Administration has yet to finalize strategy, decide on order
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Biden Administration Weighs Executive Order on Cryptos
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The Biden administration is weighing an executive order on cryptocurrencies as part of an effort to set up a government-wide approach to the white-hot asset class, according to people familiar with the matter.

The proposed directive would charge federal agencies to study and offer recommendations on relevant areas of crypto -- touching on financial regulation, economic innovation and national security, said the people, who asked not to be named discussing plans that are still under consideration.