White House Says That Due To A Matter Of National Security It Will Implement Crypto Rules

Post Millennial: Biden administration to regulate Bitcoin, NFTs and cryptocurrencies as matter of 'national security' within weeks

The Biden administration has expressed its intent to develop a cohesive set of policies to regulate Bitcoin and cryptocurrencies as current legislation and enforcement are too scattered across the board – arguing that the move is a matter of national security.

According to Bloomberg, the White House will release an executive order in the coming weeks to task federal agencies with assessing the risks and opportunities posed by cryptocurrency. The publication reports that senior officials of the Biden administration held multiple meetings on developing the plan, with a full directive coming down from President Biden in a few weeks.

It’s set to come under the umbrella of national security efforts as the administration wants to analyze cryptocurrencies sand employ a “cohesive regulatory framework” that would cover Bitcoin, alt-coins, stablecoins, and even NFTs, Barron’s reported.

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WNU Editor: This has nothing to do with national security. This is all about controlling/limiting/and eliminating a competitor to government monetary/financial policy.

White House Wants To implement Crypto Rules

White House Wants Crypto Rules as a Matter of National Security -- Barron's

White House Is Set to Put Itself at Center of U.S. Crypto Policy -- Bloomberg

President Joe Biden Is Going After Bitcoin, Other Cryptocurrencies And NFTs -- Forbes

White House is set to put itself at center of US crypto policy -- Boston Herald

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