The order will instruct federal agencies, including the SEC, to submit reports on what measures they've taken regarding digital assets later this year. The administration has come under fire for not providing enough clarity on cryptocurrency regulation.
that would have bought BTC directly. Despite industry figures advocating for one for years, the regulator has not yet approved such a fund. With the groundwork for regulating the crypto space commencing, regulators may be delaying the approval of such ETFs until a more solid regulatory framework is put in place.