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Biden’s Executive Order Draws Mixed Reactions From Global Crypto Community

Crypto advocates worldwide are somewhat underwhelmed by the U.S. president’s recent executive order on crypto regulation.

By Sandali Handagama, Amitoj Singh
Updated May 11, 2023, 3:57 p.m. Published Mar 11, 2022, 6:11 p.m.
U.S. President Joe Biden speaks while meeting with business leaders and governors in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Wednesday, March 9, 2022. The Biden administration's long-awaited executive order for government agencies to take a closer look at issues surrounding the crypto market is being celebrated by industry participants despite it lacking a clear path on possible regulation. Photographer: Ting Shen/Bloomberg via Getty Images
U.S. President Joe Biden speaks while meeting with business leaders and governors in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Wednesday, March 9, 2022. The Biden administration's long-awaited executive order for government agencies to take a closer look at issues surrounding the crypto market is being celebrated by industry participants despite it lacking a clear path on possible regulation. Photographer: Ting Shen/Bloomberg via Getty Images