Biden's Cryptocurrency Executive Order Paves the Way for Regulation

A new executive order aims to begin shaping national policy concerning cryptocurrencies, from development to national security to consumer and investor protections.

A colorful Bitcoin logo sitting on courtroom steps
(Image credit: Getty Images)

The White House on Wednesday announced steps toward regulating digital-asset transactions through a new cryptocurrency executive order (EO) issued on March 9.

And while regulation has infamously gotten the bad rap that it kills economic activity, this could be an important step in helping cryptocurrencies develop into a more vibrant market.

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Contributing Writer, Kiplinger.com

Riley Adams is a licensed CPA who works at Google as a Senior Financial Analyst overseeing advertising incentive programs for the company's largest advertising partners and agencies. Previously, he worked as a utility regulatory strategy analyst at Entergy Corporation for six years in New Orleans.