President Joe Biden has issued a first-of-its-kind executive order (EO) to regulate cryptocurrencies. It’s unclear what exactly will change — if anything at all. The White House hopes to protect consumers and businesses while understanding the full impact crypto technology has on the environment. The EO will also be “placing urgency” on exploring a US Central Bank Digital Currency, a potential US-backed crypto currency that the Federal Reserve has been researching for a few years now. While many might balk at the idea of government interference in what is typically hailed as a decentralized and unregulated currency, there are many crypto experts who see this as a good thing. One thing’s for sure: We’re unlikely to see any immediate impact from it. . . .
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