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Everything You Need to Know About President Biden's Cryptocurrency Executive Order

About one month ago, financial experts predicted that President Joe Biden would sign a cryptocurrency executive order. The goal, according to Yahoo Finance, was to pave the way for the regulation and the adoption of the popular decentralized form of payment. On March 9, 2022, Biden’s cryptocurrency executive order was finally signed, sealed, and delivered to the American people. According to Treasury Secretary Janet Yellen, the effort will “promote a fairer, more inclusive, and more efficient financial system,” per the Associated Press. In the same breath, Secretary Yellen says that she hopes the measure will counter any illicit use of the popular coins — and illicit use, she says, is tantamount to the country’s financial instability and a threat to national security. The Biden administration also says that the exploding popularity of cryptocurrency has inspired the President to pass the order. All of that is really nice political window-dressing, to be sure. But what does it all...