Why White House's executive order on cryptocurrencies is a win for the industry?

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How will the U.S. regulation affect the crypto industry? 🪙 engineering

by the White House on Wednesday and it requires the government to evaluate the risks and benefits of digital assets and create a digital version of the dollar.The first one is protecting consumers, investors, and businesses in the U.S. The government requires the Treasury Department to examine cryptocurrency and make policy suggestions. Regulators should also “ensure sufficient oversight and safeguard against any systemic financial risks posed by digital assets,” according to the report.

The statement includes promoting U.S. leadership and giving the United States a competitive advantage over other countries as well. In this direction, the Department of Commerce has been entrusted with creating a framework to advance U.S. competitiveness and leadership in digital asset technology.

 

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A win for industry at the expense of the population. Everyone is so eager to walk into our new future of AI, digitalisation and globalism they keep forgetting about humanity, which invariably looses in all these plans There is a balance to be had

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