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Why the U.S. Government Should Regulate Cryptocurrency
March 28, 2022 • 5 min read In Knowledge@Wharton
Wharton’s Kevin Werbach explains why the Biden administration’s executive order to develop a national policy on cryptocurrency is an important step forward.
he Biden administration’s executive order to develop a national policy on cryptocurrency and digital assets is an important first step in setting some guardrails around a global market now worth more than $3 trillion, said Wharton legal studies and business ethics professor Kevin Werbach
The executive order issued in early March calls for government agencies to coordinate on six key priorities: protecting consumers and investors, preserving financial stability, mitigating risks from illegal digital assets, promoting American competitiveness, ensuring financial inclusion, and guiding responsible innovation.
“We need experts working on these issues and working through the mechanisms of these agencies, so I give the administration a good deal of credit for how much work it must have taken to align all of these different groups to move forward,” Werbach said during an interview with Wharton Business Daily on SiriusXM. (Listen to the podcast above.) .....'
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