White House Wants Crypto Rules as a Matter of National Security
By Daren Fonda
Jan. 27, 2022 3:00 pm ET
The Biden administration is preparing to release an executive action that will task federal agencies with regulating digital assets such as Bitcoin and other cryptocurrencies as a matter of national security, a person familiar with the White House’s plan tells Barron’s.
The national security memorandum, expected to come in the next few weeks, would task parts of the government with analyzing digital assets and assembling a regulatory framework that covers cryptos, stablecoins, and NFTs, or non-fungible tokens, this person said.
“This is designed to look holistically at digital assets and develop a set of policies that give coherency to what the government is trying to do in this space,” the person said.
The State Department, Treasury Department, National Economic Council, and Council of Economic Advisers would be involved in the initiative.
More: https://www.barrons.com/articles/white-house-executive-action-regulate-cryptos-national-security-51643312454