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March 15, 2022
US President Joe Biden’s Crypto Executive Order – What are the Implications? We talk to 31 Crypto Heavy Hitters!
E-Crypto News
Following the issuance of President Biden’s executive order on cryptocurrencies, questions about what the directive could mean for the U.S. economy is fueling additional market activity and insider speculation.
Richard Levin, partner and chair of the FinTech and Regulation Practice at Nelson Mullins, said it will be important for the U.S. to create a framework that protects personal information on a worldwide scale, especially when competing with developed economies like China, who have not historically placed the same importance on data privacy.
As for the future, he referenced Federal Reserve Chairman Jerome Powell’s previous remarks that a potential U.S. digital currency would complement the use of cash and bank deposits rather than replacing them.
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Caroline Balchunas
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caroline.balchunas@nelsonmullins.com
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