While Janet Yellen’s statement, which was leaked before Biden’s orders for cryptocurrencies, triggered an 8% rise in Bitcoin, now eyes are on the decree to be published.
The Block shared that it has reached an information note on the first presidential order to be issued on cryptocurrencies in the USA.
Accordingly, the leaked information note regarding the orders expected to be announced at 14.00 TSI is as follows:
“The United States should maintain its technological leadership in cryptocurrencies by supporting innovation,” the leaked text reads. expressions appear.
The relevant section is as follows;
“The United States must maintain its technological leadership in this rapidly growing space by supporting innovation while mitigating risks to consumers, businesses, the wider financial system and the climate. It should also play a leading role in the international engagement and global governance of digital assets, consistent with democratic values and the global competitiveness of the United States.
That’s why today President Biden will sign an executive order outlining the first, all-government approach to addressing risks and harnessing the potential benefits of digital assets and the technology that underlies them.”
In the notification note, the importance to be demanded in the order was shared under the following headings;
Protect US Consumers, Investors and Businesses.
Maintain Global Financial Stability and Mitigate Systemic Risk.
Mitigate Illegal Finance and National Security Risks from Illegal Use of Digital Assets
Promote US Leadership in Technology and Economic Competitiveness to Strengthen US Leadership in the Global Financial System.
Promote Equal Access to Safe and Affordable Financial Services.
Promote Technological Advances and Ensure Responsible Development and Use of Digital Assets and mitigate adverse climate impacts.
Explore the US Federal Reserve Digital Currency (CBDC)
The government will continue to work across institutions and with Congress to develop cohesive international capabilities that respond to national security risks, with our allies and partners, and with the private sector to review and support technological advances, to create policies that protect against risks and guide responsible innovation.”
