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Biden orders government to study digital dollar, other cryptocurrency risks

Published by
Reuters

By Andrea Shalal and Katanga Johnson WASHINGTON (Reuters) – U.S. President Joe Biden signed an executive order on Wednesday requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other cryptocurrency issues, the White House said. Biden’s order will require the Treasury Department, the Commerce Department and other key agencies to prepare reports on “the future of money” and the role cryptocurrencies will play. Wide-ranging oversight of the cryptocurrency market, which surged past $3 trillion in November, is essential to ensure U.S. natio…

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