President Biden’s Executive Order On Bitcoin

President Biden’s Executive Order On Bitcoin

Joseph Stafford is a accomplice on the regulation agency Wilson Elser and supplies counseling to purchasers within the Mental Property, Regulatory Compliance and Company/D&O Danger Administration apply areas.

By signing an govt order (EO) on cryptocurrencies, President Biden has signaled an openness to the know-how’s doubtlessly constructive impacts. It is a vital and inspiring growth for an asset class (digital belongings) that just lately surpassed $3 trillion in market capitalization. If there have been ever any fears of a widespread worldwide or United States-led crackdown on Bitcoin, these seem like gone and the US seems to have indicated its intent to be a global chief within the space. That mentioned, it will be naïve to counsel the EO will result in relaxed authorized or regulatory scrutiny.

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