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....
Clinton Donnelly, expert in crypto taxation, recently revealed on social media platform X (formerly Twitter) that the US Treasury Department has dispatched the Crypto Asset Reporting Framework (CARF) regulations to the White House for review. CARF is part of a comprehensive international standard developed by the Organization for Economic Cooperation and Development (OECD), which has […]
The White House is reportedly exploring new pro-crypto candidates to lead the Commodity Futures Trading Commission (CFTC) as the confirmation of President Donald Trump’s initial pick, Brian Quintenz, has stalled. Related Reading: South Korea’s BDACS Launches First Won-Backed Stablecoin Ahead Of Q4 Framework White House Eyes More Crypto-Friendly Candidates On Thursday, Bloomberg reported that the […]
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.....