U.S. President Joe Biden on Wednesday signed an executive order setting out the parameters for the government to address key risks, as well as to take advantage of the potential benefits of digital assets, including cryptocurrencies and technology. blockchain.
“The order sets out a national policy for digital assets on six priorities: consumer and investor protection; financial stability, illicit financing; US leadership in the global financial system; financial inclusion; and responsible innovation,” reads a statement released by the White House.
Investors and crypto enthusiasts seem to have received the announcement positively — around 12:00 pm, Bitcoin was up 8.74% on the international market, trading at US$ 42,501 (R$ 216,300), according to with data from Bloomberg.
“The possibilities, even if unrealized, of the US losing financial hegemony and sanctions [contra a Rússia] not being so efficient anymore due to the development of the digital market translates into an executive order that seems to have come much more lenient than the market feared”, says Humberto Andrade, analyst at the crypto-asset trading platform Mercado Bitcoin. incentive that the market needed to have confidence and bring the volume back.”
According to information pointed out by the US government, digital assets, including cryptocurrencies, have had an “explosive growth” in recent years, surpassing a market value of US$ 3 trillion (R$ 15.3 trillion) in November last year and before around US$ 14 billion (R$ 71.2 billion) five years ago.
In addition, approximately 16% of adult Americans, something like 40 million people, have already invested and traded cryptocurrencies, points out the Biden administration, noting that more than 100 countries are already experimenting with digital currencies issued by Central Banks (CBDC). ).
The order signed by the American president also provides for studies for the creation of an official digital currency of the United States, if the issuance is considered to be of national interest.
“The rise of digital assets creates an opportunity to bolster US leadership in the global financial system and technology frontier, but it also has substantial implications for consumer protection, financial stability, national security and climate risk.” .
“Finally, the White House recognized the crypto market with the necessary seriousness, which made the market react well,” says Andrade, from Mercado Bitcoin.
I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
