The White House released a framework for CBDC development and stringent management of the environment in response to U.S. President Biden's executive order. This is the first time the White House has released its comprehensive crypto regulatory framework.
Following a "whole of government" executive order (E.O.) from President Joe Biden earlier this year, the White House has released a legal framework for dealing with bitcoin and cryptocurrencies in the United States, according to an official press release.
The "Ensuring Responsible Development of Digital Assets" Executive Order requested that government organizations do various types of study on the privacy and protection of consumers, energy consumption, and the advantages and disadvantages of central bank digital currency (CBDC).
The White House aims to provide the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) the authority to "aggressively pursue investigations" in the a...
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