Biden orders sweeping cryptocurrency review, setting stage for regulation

President Biden signed an executive order Wednesday for a sweeping review of the government’s approach to cryptocurrencies, aiming to secure the nation’s position as a leader in the rapidly growing industry while containing risks to consumers and the financial system itself. Ultimately, some structure could be imposed on what has been a fractured regulatory response to the rise of digital assets in a global market now valued at roughly $1.85 trillion.