U.S. President Joe Biden signed an executive order to review the risks of the central bank’s digital currency and other cryptocurrencies.
In a statement made by the White House, it was stated that the decree in question aims to establish the first comprehensive digital asset strategy to protect consumers, ensure financial stability and national security, and address climate risks.
Pointing out that digital assets, including cryptocurrencies, have grown in recent years, it was noted that the market value, which was at the level of 14 billion dollars 5 years ago, exceeded 3 trillion dollars as of last November.
In the statement, surveys show that about 16 percent of adult Americans (about 40 million people) invest, trade, or use cryptocurrencies.
On the other hand, U.S. Treasury Secretary Janet Yellen stated that the decree requires a coordinated and comprehensive approach to digital asset policy. She said that the Treasury Department will cooperate with institutions to prepare a report on the future of money and payment systems.