The president of the United states of America will sign and executive order concerning digital assets. This order is the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.
Specifically, the Executive Order calls for measures to:
- Protect U.S consumers, investors and businesses.
- Protect U.S and global financial stability and mitigate systemic risk.
- Mitigate the illicit finance and national security risks posed by the illicit use of digital assets.
- Promote U.S leadership in technology and economic competitiveness to reinforce U.S leadership in the global financial system.
- Promote equitable access to safe and affordable financial service.
- Support Technological Advances and Ensure Responsible Development and Use of Digital Assets.
- Explore a U.S. Central Bank Digital Currency (CBDC).
As of now, the market is still seeing some instability but we are still waiting to see how this will affect the market in times to come. Meanwhile, it is worth noting that, other countries such as El Salvador had already adopted Bitcoin as it’s legal tender and other countries and trying to do same. Meanwhile cryptocurrency still face some challenges from Government around the world like China, India and Nigeria, it has seen great use case like in the Russian-Ukraine conflict where donations are being done in cryptocurrency.
The Blockchain Project 