**Biden Administration Paves Way for Digital Currency Regulation** The Biden administration has taken a significant step towards regulating digital currency. President Biden recently signed an executive order directing federal agencies to develop a comprehensive approach to regulating cryptocurrencies. The order outlines several key objectives, including: * Protecting consumers from fraud and scams * Mitigating risks to financial stability * Fostering innovation and responsible development The order also recognizes the potential of digital currency to enhance financial inclusion and promote economic growth. It directs agencies to work together to create a regulatory framework that balances these goals. This executive order is a major milestone in the government's efforts to address the rapidly evolving world of digital currency. As the use of cryptocurrencies continues to grow, it is essential to establish clear and sensible regulations to ensure their safe and responsible development.
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