The White House prepares a regulation for cryptocurrencies in the US for February

White House Crypto

The Joe Biden administration of the United States is preparing an executive publication to regulate cryptocurrencies in the coming month of February, reports ‘Finance Magnates’. The first draft will be presented to President Joe Biden in the coming weeks.

The order is expected to bring an initial strategy that assesses the risks and opportunities of digital assets.

In the process of preparing a draft, it is reported that the first will be presented to US President Joe Biden in the coming weeks.

Other US federal agencies had previously studied regulating cryptocurrencies but it was not until the Biden presidency that this legislation will be seen on the table.

The regulation of cryptocurrencies is complicated in the United States at a time when bitcoin and ethereum are considered commodities and any investment product related to them is being supervised by the Commodity Futures Trading Commission (CFTC). ).On the contrary, the situation is different for other cryptocurrencies.