Why the cryptocurrency community is celebrating Biden’s executive order

“I’m really excited that there will be an opportunity to be part of discussions to keep the US a leader in this space,” says Kristin Smith, executive director of the Blockchain Association, an industry group. There aren’t a lot of surprises in the EO — the list of issues are ones that lawmakers and industry insiders have been discussing already.

“When serious officials take a sober look at crypto, the reaction is not to light their hair on fire.” The US government has been looking into all of this regulation already, and the executive order falls short of being a clear roadmap. But the emphasis on innovation in the text of the order — as well as ensuring the “responsible development” of digital assets — suggests that a crackdown on cryptocurrency is unlikely. The response from cryptocurrency enthusiasts has emphasized that.

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Why White House's executive order on cryptocurrencies is a win for the industry?The White House issued the long-awaited executive order on cryptocurrencies on Wednesday. It requires the government to evaluate the risks and benefits of digital assets and develop a digital equivalent of the U.S. dollar. A win for industry at the expense of the population. Everyone is so eager to walk into our new future of AI, digitalisation and globalism they keep forgetting about humanity, which invariably looses in all these plans There is a balance to be had
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