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Effective URL: https://www.pymnts.com/cryptocurrency/2022/biden-to-sign-executive-order-related-to-us-crypto-strategy-report-says/
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* * * * * * * Today's News * Opinion * B2B * Connected Economy * PYMNTS DATA * Reports * CE100 INDEX * EMEA * PYMNTS TV * News & Trends * AI * Buy Now Pay Later * B2B Payments * Banking * Connected Economy * Cloud * Crypto * Cross-Border Payments * Digital Consumer * FinTech * Gig Economy * Grocery and Pharmacy * Healthcare Payments * Insurtech * Markets * SMB * Subscription Commerce * TechREG™ * Travel * Real-Time Payments * Restaurant * Retail * Subscribe Sections * Today * OPINION * B2B * Connected Economy * PYMNTS DATA * REPORTS * CE100 INDEX * EMEA * PYMNTS TV * News & Trends * Row One * AI * Buy Now Pay Later * B2B Payments * Banking * Row Two * Connected Economy * Cloud * Crypto * Cross-Border Payments * Row Three * Digital Consumer * FinTech * Gig Economy * Grocery and Pharmacy * Row Four * Healthcare Payments * Insurtech * Markets * SMB * Row Five * Subscription Commerce * TechREG™ * Travel * Real-Time Payments * Row Six * Restaurants * Retail -------------------------------------------------------------------------------- Cryptocurrency BIDEN TO SIGN EXECUTIVE ORDER RELATED TO US CRYPTO STRATEGY, REPORT SAYS By PYMNTS Listen to Article Posted on March 7, 2022 Share Tweet Share Share Share Email President Joe Biden will sign an executive order this week which will outline the U.S. government’s cryptocurrency strategy, Bloomberg reported Monday (March 7), citing anonymous sources. The order will instruct federal agencies to look into potential regulatory charges, along with the impact on national security and the economy from digital assets. According to the report, the order, which has been in the works since last year, will make it so federal agencies across the government have to report what they are doing in relation to cryptocurrency. Biden has been seeing increased pressure to do something about crypto, with industry executives saying there has been a lack of clarity surrounding U.S. crypto rules. The crypto industry has been seeing more scrutiny from lawmakers as of late, several of whom — including Sen. Elizabeth Warren and Senate Banking Committee Chair Sherrod Brown — have raised concerns regarding the financial sanctions on Russia and whether crypto could be used to bypass the sanctions. The White House’s general crypto positions have come under focus again because of the same thing. Bloomberg noted that analysts and officials have questioned how effective a workaround crypto could even be, since the market is of a limited size. However, in spite of the fears that Russians would make use of crypto to get around the sanctions, that hasn’t seemed to be happening yet. PYMNTS wrote that bitcoin, while it was doing well earlier this week, didn’t see a surge from Russian users. See also: Russian Flight to Cryptocurrency Hasn’t Happened, Analysis Shows Blockchain data didn’t seem to show Russian users making trades on the exchanges. The ruble-dominated crypto activity was at $34.1 million as of March 3, per data from Chainalysis — a decrease from $70.7 million in late February. In addition, Citigroup was estimating that annual bitcoin buying from Russia sat at 210 BTC on average per day, a contrast with a daily volume of between $20 billion and $40 billion. —————————— NEW PYMNTS DATA: 57% OF CONSUMERS PREFER ADVANCED ID VERIFICATION AFTER TRYING IT About:Fifty-seven percent of consumers who’ve used advanced ID verification methods such as voice recognition when contacting customer service say they’d do it again. The Consumer Authentication Experiences report, surveyed nearly 3,800 U.S. consumers to learn how offering innovative verification experiences is helping businesses deliver superior customer service across all channels. Related Items:Bitcoin, cryptocurrency, digital currency, Government, News, regulations, What's Hot Share Tweet Share Share Share Email RECOMMENDED FOR YOU * Crypto-Focused Political Donors Prefer Dollars Over Bitcoin * Crypto Pioneer Joel Dietz Creating Interoperable Metaverse * Report: U.S. Consumers Take Mobile Payments With Them as They Get Back to Restaurants and Travel POST NAVIGATION US Treasury Dept. Warns of Possible Evasions of Russian Sanctions Today in Crypto: Coinbase Blocks 25,000 Russian-Linked Addresses; Coinbase Adds 'Experimental' Label TRENDING RIGHT NOW 3.7K Commerce TODAY IN FOOD COMMERCE: RESTAURANT ROBOTICS COMPANY ANNOUNCES $81M SERIES B; GROCERY GAINS ECOMMERCE SHARE 3.1K ResTech HIGH-TECH CONSUMERS WANT RESTAURANTS TO OFFER DIGITAL FEATURES, LOYALTY PROGRAMS 2.6K International BANKS WORRY RUSSIA WILL TARGET SWIFT SYSTEM THE BIG STORY * 723 Consumer Finance REPORT: U.S. CONSUMERS TAKE MOBILE PAYMENTS WITH THEM AS THEY GET BACK TO RESTAURANTS AND TRAVEL As more consumers venture to dine at restaurants and travel once again, many are sticking with the digital payment habits they developed... FEATURED NEWS * 324 Security & Fraud CONSUMERS SAY SECURITY, USER EXPERIENCE NOW EQUALLY IMPORTANT WHEN ACCESSING DIGITAL ACCOUNTS Trusted user experiences are highly important to consumers accessing digital accounts via desktop browser or mobile device. In fact, eight out of... * FinTechIPO™ Index Rallies into Close of Tumultuous Week * 70% of BNPL CFPB Complaints Are Lodged Against One Provider * Bolt CEO: Commerce Identity, Checkout Operating System Makes One-Click Checkout Ubiquitous * Inflation Inflicts Damage as Even High Earners Find it Tough to Make Ends Meet EARNINGS & WALL STREET * 447 Retail WARBY PARKER: SOLID BUSINESS, SHAKY STOCK To put it mildly, Warby Parker’s first six months as a public company have been a disaster. From a peak of $60... * Dollar General Struggles to Capture Bargain-Hungry Shoppers to Close FY21 * Williams-Sonoma ‘Reimagining Stores’ as Omnichannel Shoppers Spend 4x More * Used Car eCommerce Platform Plans Marketplace to List Others’ Cars Too SUBSCRIBE TO TRENDS Connected Economy B2B Payments Cryptocurrency Grocery Innovation Healthcare Payments Mobile Wallets Payments Innovation PYMNTS EMEA Restaurant Tech Retail/DTC Innovation Small Business Innovation SPACS/IPOs TechREG™ Subscribe Loading... 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