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The White House issued a legal framework for engaging with bitcoin and cryptocurrencies in the United States following a “whole of government” Executive Order (EO) from President Joe Biden earlier this year, according to a official press release.

The “Ensuring responsible development of digital assets” EO called on government agencies to produce various forms of research regarding consumer privacy and protection, energy consumption, and the benefits and risks of central bank digital currency (CBDC).

Consistent with the research provided, the White House intends to empower the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) to “aggressively pursue investigations” in the digital asset space.



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