United States of America: US President signs Executive Order on Digital Asset Regulation

On 9 March 2022, the White House announced the signing of the Executive Order on "Responsible Development of Digital Assets" by US President Joe Biden. The aim of the order is to lay out the risks and benefits of digital assets for the general public, US citizens and businesses, and the US financial structure. Furthermore, the order directs US government agencies to study and report on cryptocurrencies and other digital assets and consider, among other things, the use of digital assets to circumvent US sanctions. The order aims to lay out a national policy for digital assets that maintain the US' global position while still leaving room for innovation, interests of US businesses, and mitigation of risk.