Biden issued an executive order on crypto, announcing a plan to regulate cryptocurrencies and support investment in blockchain technology.
Biden’s crypto executive order being announced in the middle of a massive conflict between Russia and Ukraine might seem like it’s a part of a larger effort to contain the Russian threat. But reports dating back toThose reports said the Biden administration planned to kickstart a strategy for regulating bitcoin and cryptocurrencies at the federal level. That’s essentially what the order is doing.
The Biden administration acknowledges the massive growth of the crypto market, which ballooned to over $3 trillion in November 2021. The entire crypto market cap was at just over $14 billion five years before that. Moreover, the administration said that 16% of adult AmericansThe announcement also notes that over 100 countries are exploring or piloting Central Bank Digital Currencies . These are digital forms of money based on blockchain technology.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Psaki claims Biden administration not slowing domestic oil drillingWhite House press secretary Jen Psaki suggested during Monday's press briefing that claims the Biden administration's policies are preventing domestic drilling are inaccurate, which echoed an assertion she made last week that the industry “is literally sitting on stockpiled leases and permits.”
Read more »
New York City public transit to get $750M+ boost from Biden COVID relief fundsThe New York City transit system is set to benefit from a huge funding boost as part of the Biden administration's COVID relief plan.
Read more »
Opinion: What stance should Joe Biden be taking on Russian oil?Are Americans willing to pay more for energy to send a message on Ukraine?
Read more »
As President Biden proposed, Medicare needs the ability to negotiate drug pricesEven at a “reduced price” of $28,200, Medicare beneficiaries would pay $5,640 for one year’s supply of Aduhelm, a drug that treats Alzheimer’s.
Read more »
Texas Family Asking Pres. Biden to Help Bring Son Home From RussiaOn the eve of President Joe Biden's visit to Fort Worth, a North Texas family is pleading with the president to bring their son home, as he sits in a Russian prison.
Read more »