Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.




411 University St, Seattle


Biden to Order Federal Agencies to Study Crypto Impacts – Investopedia

On March 9, President Biden will sign a long-awaited executive order instructing federal agencies to study various impacts of cryptocurrency use. The order will task regulators with reviewing risks to consumers, investors, and the economy at large. Following the study period, which will be ongoing for several months, federal agencies will prepare reports based on their findings. The White House will then use those findings in any new regulatory actions in the future.
The cryptocurrency market has grown to about $1.75 trillion in value in the span of just over a decade. Roughly 40 million adult Americans have participated in the digital currency market in some way, making this no longer a space for niche investors.
In a Treasury Department statement issued ahead of the executive order, Treasury Secretary Janet Yellen said that the order will facilitate responsible innovation in the cryptocurrency space and will also address risks. President Biden’s administration is expected to study how digital currencies may negatively affect U.S. sanctions and anti-money laundering efforts. These issues have become especially prominent in recent weeks as the U.S. has imposed sanctions on Russia following the latter’s invasion of Ukraine.
The order will also launch a study of the environmental and climate impacts of cryptocurrency mining. The mining process is notoriously energy-intensive in many cases.
The order will also formalize an exploratory process to consider the launch of a possible U.S. digital currency. A growing number of countries have launched central bank digital currencies (CBDCs), digital tokens that are backed by the government. Among other things, the order will instruct the Department of Justice to study whether Congress would need to authorize such a token.
Bitcoin’s (BTCUSD) dollar value spiked by about 8% in the hours surrounding the issuing of the executive order.
Wall Street Journal. "Biden to Order Study of Cryptocurrency Risk, Creation of U.S. Digital Currency."
CNBC. "Bitcoin Up 8% as Biden Announces Executive Order on Cryptocurrencies."
Cryptocurrency News
Cryptocurrency News
Cryptocurrency News
Strategy & Education
Cryptocurrency News
Government & Policy
When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site.




Financial.co.kewas founded by Mr. Jospeh Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance.