Emma from Indianapolis

Signed up at BC Game 43 minutes ago.

» Try BC Game too
Do not show again

President Joe Biden signed an executive order on related to cryptocurrencies in March 2022.

This is a significant step for the US as this marks the first solid step made by the white house to contend with digital currency. There was high anticipation of the executive order causing uncertainty in the crypto world. It is due to the regulatory issues raised around cryptocurrencies. The executive order dictates what the government agencies, inclusive of the treasury department, need to work on in a unified approach to advance policies and regulations on cryptocurrencies. Crypto Lists explored further this historic moment in the crypto world.

What the executive order on cryptocurrency contains

The primary reason for the executive order is to evaluate the risks and advantages of cryptocurrencies. The order calls on the countries’ agencies to ensure the cryptocurrency laws go hand in hand with the US allies. The Financial Stability Oversight Council is also be directed by the order to inquire into any illegitimate financial concerns.

The measures outlined on the executive order address the following areas:
+Consumer and investor protection
+Financial stability
+Illicit activity
+U.S.A competitiveness on a global stage
+Financial inclusion
+Responsible innovation

The protection of consumers and investors is an essential element in the executive order. It seeks to address the ever-increasing number of crypto scams in the market. In addition, due to the increased popularity of cryptocurrency, it has been a target for cyberattacks on exchanges and platform users.

Included in the executive order, President Biden also mentions concerns over the energy costs that cryptocurrencies generate. He calls out agencies to provide innovative ideas in reducing the negative impact on the climate.

Moreover, the order lays out a new urgency on the possibility of a new government-issued central bank digital currency. It is essential, especially with China leading on towards the Central Bank Digital Currencies (CBDCs). The crypto market recovered well after the news

QR code to visit FTX
Info symbol Get FTX

UK flag
Rating: 1/10
Number of instruments: 214+ instruments

Description: Lower fees and a fantastic selection. Try FTX today!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.!

The dynamics of the executive order on the Russian’s Invasion in Ukraine
The president’s new order has come into view as cryptocurrency is viewed as a vital element of Russia’s war against Ukraine. Ukraine has suffered immensely following the conflict. The war has deemed the Ukraine country significant costs with no solution in sight. The rising costs have pushed people all over the world to support Ukraine’s defence through the cryptocurrency world. Recently, the Ukrainian government had tweeted a requirement for crypto donations. Within no time, an amount of more than $50 million worth of cryptocurrency streamed in. The Ukrainian government also announced their plan to mint NFTs meant to fund the military for defence purposes.

The plans to mint NFTs by the Ukrainian government to finance the military have been underway. Ukraine’s vice-Prime Minister and minister of digital transformation tweeted plans to support the country’s armed forces with the use of NFTs. An NFT of Ukraine’s flag pulled in more than $6.7 million to help Ukrainians in need following the Russian attack. The NFT was created by the UkraineDAO, which is funded by a member of the feminist punk band pussy riot.

The coin, however, has sparked emerging concerns in how Russia plans to use crypto as a way to deviate from sanctions. This has brought forth a situation by which crypto scammers are using Russia’s invasion of Ukraine to steal money from those seeking aid services. This state of affairs has led to the rise of more volatility in the cryptocurrency market. The experts forecast more up and down surges will continue. Since crypto has a wider adoption with its latest orientation to the stock market, it makes it more linked to the international conflict. Bitcoin is levitating around $40000 after falling under $35000 immediately following the attack. Ethereum is currently back below $3000. The experts, however, caution not to make financial decisions based on the panic surrounding the news.

The United States treasury department advised cryptocurrency companies to keep a lookout on their cyber security amidst rising concerns that Russia could set in motion a cyber attack to strike back against US sanctions. Bitcoin is the hugest cryptocurrency by market cap and a leading indicator of the crypto market. Coins like Ethereum are inclined to follow bitcoin’s trend. Since bitcoin set a new all-time high, it’s a normal trend as the cryptocurrency is well known for its volatility. As cryptocurrency is still in the new market, investors are advised by experts to not make any investment changes based on the ongoing fluctuations.

Crypto Lists is the go-to site if you require reviews of blockchains and cryptocurrencies, with facts that may benefit investors and all stakeholders.

QR code to visit FTX
Info symbol Get FTX

UK flag
Rating: 1/10
Number of instruments: 214+ instruments

Description: Lower fees and a fantastic selection. Try FTX today!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.!

by Our Certified Author
    US prosectutors dig into Democrat donations by FTXUS prosectutors dig into Democrat donations by FTX
    Sunday, 18 Dec 2022 8:31 am
    Sam Bankman-Fried's ongoing legal woes took a new turn as authorities in the United States began to analyze his large donations to the Democratic party in the country...
    Read the full newsflash

    Sam Bankman-Fried of FTX is arrested in the BahamasSam Bankman-Fried of FTX is arrested in the Bahamas
    Tuesday, 13 Dec 2022 7:56 am
    SBF, as he's known in industry circles was arrested on Monday night eastern US time. It's likely he'll be extradited to the United States as part of an ongoing investigation into the practices of his FTX exchange and the Alameda trading platform he co-founded. Crypto Lists will keep you updated as we learn more about this turn of events. If you're looking to get involved with a reputable platform with authenticated licenses, try Coinbase now!...
    Read the full newsflash

    OKX exec reveals desperate call from SBF asking for bail outOKX exec reveals desperate call from SBF asking for bail out
    Tuesday, 22 Nov 2022 2:30 pm
    With Sam Bankman-Freid (SBF) emerging as public enemy no1 in this current bear market, a current top executive from FTX rival OKX has revealed two desperate phone calls he received from 'SBF'. Lennix Lai, director of financial markets said "The very first call that we received from Sam he said everything's under control, but they might need cash, one to two billion dollars max in short-term credit, in exchange for FTT value or equity in FTX." Want to try a lightning-fast exchange with 100+ deposit methods? Sign up for OKX here...
    Read the full newsflash

    How to get all your money back from FTX?How to get all your money back from FTX?
    Friday, 18 Nov 2022 11:35 pm
    This evening, Do Not Pay CEO Joshua Browder (Twitter) gave some helpful information to Bloomberg Business viewers. Joshua said that if you made a direct deposit into FTX the last 60 days and ask for a refund, the bank cannot say no. So, if you made a bank transfer to FTX recently - make sure to contact your bank at your earliest convenience. A full refund can be issued from your FTX deposit...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
* indicates required
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top