Biden’s Executive Order on Crypto: What you need to know

This article reviews President Biden’s March 9, 2022 executive order on digital assets, describing a generally positive U.S. stance toward cryptocurrency while highlighting priorities to mitigate illicit finance and national security risks, research into central bank digital currencies (CBDCs), and study of environmental impacts of crypto mining; it emphasizes that the EO directs assessments and reports rather than immediate regulatory changes and notes the relevance of crypto to cybercrime (e.g., ransomware and privacy coins) without reporting any specific incidents.