In an effort to tighten regulations on cryptocurrencies, the Biden administration is considering an executive order on the new asset class.
A decision on the order has not been made, however if President Joe Biden chooses not to move forward on it, the administration will still make its overall strategy for cryptocurrencies public, says an administration official.
Just last week the United States Department of Justice (DOJ) announced the creation of a National Cryptocurrency Enforcement Team (NCET) yesterday.
The NCET will draw and build upon the established expertise across the Criminal Division to deter, disrupt, investigate, and prosecute criminal misuse of cryptocurrency, as well as to recover the illicit proceeds of those crimes whenever possible.
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