{"id":20427,"date":"2022-03-09T09:16:17","date_gmt":"2022-03-09T08:16:17","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=20427"},"modified":"2022-03-09T09:16:26","modified_gmt":"2022-03-09T08:16:26","slug":"janet-yellen-applauds-joe-bidens-leaked-executive-order-for-getting-the-crypto-market-moving","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/janet-yellen-applauds-joe-bidens-leaked-executive-order-for-getting-the-crypto-market-moving\/","title":{"rendered":"Janet\u00a0Yellen\u00a0Applauds\u00a0Joe\u00a0Biden’s\u00a0Leaked\u00a0Executive\u00a0Order\u00a0for\u00a0Getting\u00a0the\u00a0Crypto\u00a0Market\u00a0Moving"},"content":{"rendered":"\n
Joe\u00a0Biden's\u00a0executive\u00a0order\u00a0on\u00a0cryptocurrency<\/a>\u00a0has\u00a0been\u00a0leaked\u00a0just\u00a0a\u00a0day\u00a0before\u00a0it\u00a0is\u00a0set\u00a0to\u00a0be\u00a0signed\u00a0on\u00a0March\u00a09th.\u00a0In\u00a0reality,\u00a0crypto\u00a0aficionados\u00a0have\u00a0obtained\u00a0access\u00a0to the remark from\u00a0Treasury\u00a0Secretary\u00a0Janet\u00a0Yellen.<\/h5>\n\n\n\n
\"Janet\u00a0Yellen\u00a0Applauds\u00a0Joe\u00a0Biden's\u00a0Leaked\u00a0Executive\u00a0Order\u00a0for\u00a0Getting\u00a0the\u00a0Crypto\u00a0Market\u00a0Moving.\n\"<\/figure><\/div>\n\n\n\n

According\u00a0to\u00a0the\u00a0information\u00a0provided,\u00a0Yellen\u00a0hails\u00a0the\u00a0crypto\u00a0executive\u00a0order\u00a0as\u00a0“historic”\u00a0and\u00a0one\u00a0that\u00a0achieves\u00a0a\u00a0balance\u00a0between\u00a0responsible\u00a0innovation\u00a0and\u00a0consumer\u00a0safety.\u00a0In\u00a0terms\u00a0of\u00a0specifics,\u00a0Yellen\u00a0says:\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

President Biden\u2019s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses.<\/p>\n\n\n\n

It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats to the financial system and broader economy.<\/p>\n\n\n\n

The\u00a0crypto\u00a0market\u00a0has\u00a0reacted<\/a>\u00a0well\u00a0to\u00a0the\u00a0news,\u00a0with\u00a0Bitcoin\u00a0(BTC)\u00a0rising\u00a0over\u00a07%\u00a0in\u00a0the\u00a0previous\u00a0few\u00a0hours.\u00a0Bitcoin\u00a0has\u00a0reclaimed\u00a0its\u00a0previous\u00a0high\u00a0of\u00a0$41,500,\u00a0while\u00a0the\u00a0larger\u00a0cryptocurrency\u00a0market\u00a0has\u00a0gained\u00a06%.<\/p>\n\n\n\n

The\u00a0Crypto\u00a0Executive\u00a0Order<\/strong> Details<\/strong><\/h4>\n\n\n\n

While working with interagency colleagues, the US Treasury said that a report on the future of money and payment systems will be released soon. Yellen goes on to say:<\/p>\n\n\n\n

As we take on this important work, we\u2019ll be guided by consumer and investor protection groups, market participants, and other leading experts. \u00a0Treasury will work to promote a fairer, more inclusive, and more efficient financial system, while building on our ongoing work to counter illicit finance, and prevent risks to financial stability and national security.<\/em><\/p><\/blockquote>\n\n\n\n

The crypto market has been anticipating the crypto executive order<\/use><\/svg><\/span><\/a> and how it will affect the market for quite some time. Rather than taking a hard line, the Biden administration appears to have taken a more balanced approach.<\/p>\n\n\n\n

A pro-crypto strategy would likely provide America an advantage over its economic rivals, particularly China, which has taken an anti-crypto stance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Joe\u00a0Biden’s\u00a0executive\u00a0order\u00a0on\u00a0cryptocurrency\u00a0has\u00a0been\u00a0leaked\u00a0just\u00a0a\u00a0day\u00a0before\u00a0it\u00a0is\u00a0set\u00a0to\u00a0be\u00a0signed\u00a0on\u00a0March\u00a09th.\u00a0In\u00a0reality,\u00a0crypto\u00a0aficionados\u00a0have\u00a0obtained\u00a0access\u00a0to the remark from\u00a0Treasury\u00a0Secretary\u00a0Janet\u00a0Yellen. According\u00a0to\u00a0the\u00a0information\u00a0provided,\u00a0Yellen\u00a0hails\u00a0the\u00a0crypto\u00a0executive\u00a0order\u00a0as\u00a0“historic”\u00a0and\u00a0one\u00a0that\u00a0achieves\u00a0a\u00a0balance\u00a0between\u00a0responsible\u00a0innovation\u00a0and\u00a0consumer\u00a0safety.\u00a0In\u00a0terms\u00a0of\u00a0specifics,\u00a0Yellen\u00a0says: President Biden\u2019s historic executive order calls for a coordinated and comprehensive approach to digital asset policy.  This approach will support responsible innovation that could result in substantial benefits for the nation, consumers, and businesses. It will also address risks related to illicit finance, protecting consumers and investors, and preventing threats […]<\/p>\n","protected":false},"author":32,"featured_media":20429,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,71],"tags":[5773,7982],"class_list":["post-20427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-markets","tag-janet-yellen","tag-joe-biden"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/Screenshot-2022-03-08-233810.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=20427"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/20429"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=20427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=20427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=20427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}