White House Releases ‘First-Ever’ Framework for Digital Asset Development — C...
The White House has now released what it called its “first-ever” comprehensive framework for the responsible development of digital assets just over six months after U.S. President Joe Biden signed an executive order on the same matter. However, one crypto industry leader has lamented the lack of clarity and understanding of the technology in the White House’s fact sheet. Reinforcing United States Leadership in the Global Financial System Just over six months after U.S President Joe Biden signed an Executive Order (EO) outlining the government’s multi-pronged....
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Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and strict regulation of the ecosystem.
The fact sheet sums up the efforts of nine federal agencies’ research over the past six months. Following United States President Joe Biden’s executive order on Ensuring Responsible Development of Digital Assets, federal agencies came up with a joint fact sheet on six principal directions for the crypto regulation in the U.S. It sums up the content of nine separate reports, which have been submitted to the President to “articulate a clear framework for responsible digital asset development and pave the way for further action at home and abroad.”The fact sheet was published on the White....
White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House Dismisses Recession Concerns White House Chief of Staff Ron Klain, President Joe Biden’s top aide, shared his economic outlook in an interview with MSNBC Thursday. He said: We are not in a recession … Unemployment claims remain at a historical low … The economy is growing. It is strong.....
According to Press Secretary Karine Jean-Pierre, the administration and financial agencies will “closely monitor” developments in the crypto market. The White House said the administration of United States President Joseph Biden is monitoring the situation with the recent crypto market crash but deferred to independent regulators for any potential enforcement actions.In a Nov. 10 press briefing, White House Press Secretary Karine Jean-Pierre said Biden was aware of the ongoing situation with the crypto market, hinting at FTX’s liquidity crisis. According to the press secretary, the....
The White House hosted stakeholders from the fintech sector to discuss ways to promote innovation and development. The use of Bitcoin and Blockchain technology is now being discussed at the highest levels of governance structures currently in place. The White House, the seat of US Government has found the emergence of digital currencies and their underlying technology hard to ignore. The emergence of a new blog post written by none other than the Special Assistant to the President of United States for Economic Policy – Adrienne Harris stands proof of it. Published on the 10th of this....