Crypto players hail ‘shot in the arm’ from Biden’s executive order

The Biden administration on Wednesday issued a long-awaited executive order to comprehensively study cryptocurrencies, effectively firing the starting pistol for Congress and other federal agencies to begin crafting oversight of digital tokens.

The blueprint, arriving at a time when markets are being roiled by the conflict between Russia and Ukraine, which has spilled over into crypto, was mostly hailed by industry players who have been nervous about the government’s moves to create a…


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