An executive order by President Joe Biden to give the federal government a bigger hand in cryptocurrency policy was delayed following a disagreement between the White House and Treasury Secretary Janet Yellen over how big a role the government should play.
The Biden administration had hoped to sign the order at the beginning of the year, Bloomberg reported. But disputes between Yellen’s staff and officials on the National Economic Council have slowed its progress, according to anonymous officials who spoke with Bloomberg.
It would give the White House a central role overseeing policies and regulation regarding digital assets, The executive order is designed to provide a comprehensive government strategy on cryptocurrency.
