Will the cryptocurrency executive order affect the crypto prices this week?
US President Biden will sign a cryptocurrency executive order in the week of Feb 22, 2022. Will this executive order create volatility in the cryptocurrency market? We doubt it because the executive order is more likely about directing US government agencies to study cryptocurrencies, digital assets such as NFT, and the central bank digital currency:
1. Develop the report on the future payment system
2. Provide a technical evaluation on the central bank digital currency
3. Deep dive into the privacy issues around cryptocurrencies, NFT, and blockchains.
We should keep an eye on the executive order details this week, but don’t be too surprised if the crypto market doesn’t have much reaction.
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