(CoinTelegraph) President Biden is reportedly expected to issue an executive order next week instructing government agencies to study cryptos and a central bank digital currency.
In a Thursday report from Yahoo! Finance, Jennifer Schonberger stated that the Biden administration indicated that the executive order could come as soon as next week.
The directive from President Biden is reportedly to order the Office of the Attorney General, the State Department, and the Treasury Department to study the possible rollout of a US-issued CBDC.
Alondra Nelson, The newly appointed Director of the Office of Science and Technology Policy, would provide an assessment of the infrastructure required for the US to support a digital dollar.
The agency will plan to issue a report to the U.S. President on distributed ledger technology within 180 days, with an update on its environmental impact expected in 545 days.
The Financial Stability Oversight Council would study financial stability issues coming from the adoption of cryptocurrencies subject to the executive order.
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