White House Considering Executive Order on Crypto Oversight: Report

White House Considering Executive Order on Crypto Oversight: Report
The U.S. government may expand its efforts to study and regulate the roughly $2 trillion digital asset sector.The Biden administration is considering an executive order for federal agencies, which would require them to study the crypto industry and provide recommendations on their oversight, Bloomberg reported Friday, citing unnamed sources.According to the report, the order would include the Treasury Department, Commerce Department, National Science Foundation and national security agencies. In addition to asking agencies to study different aspects of the industry, the order “would clarify the responsibilities” different agencies have around crypto and blockchain.Requests for comment sent to the White House,…