White House Releases Digital Asset Regulatory Framework – Bitcoin Magazine

The White House has published a legal framework for engaging with bitcoin and cryptocurrencies in the US following a “whole of government” executive order (EO) from President Joe Biden earlier this year, for an official press release.

The “Ensuring Responsible Development of Digital Assets” EO called on government agencies to produce varying forms of research regarding consumer privacy and protection, energy usage, and central bank digital currency (CBDC) benefits and risks.

In accordance with the research provided, the White House intends to empower the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) to “aggressively pursue investigations” in the digital asset space.

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