The White House to Introduce Crypto Regulation in February

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The administration of US President Joe Biden plans to unveil a nationwide digital asset strategy in February 2022, Bloomberg reports.

According to sources in the department, federal agencies will be instructed to assess the risks and opportunities of cryptocurrencies.

Senior officials in the US presidential administration have reportedly held several meetings about the upcoming executive order, which will be presented to Biden in the coming weeks.

According to Bloomberg, the paper details the economic, regulatory and national security concerns associated with digital assets.

The sources have admitted the White House will refrain from taking a firm stance on the national digital currency (CBDC) as the US Federal Reserve released a CBDC study report on January 21 and opened public comment until May 20.

Bloomberg reported in December last year that US Senator would introduce a bill in 2022 that aims to bring clarity to the regulation of cryptocurrencies.