Clouds announcing the storm? – From the end of January, rumors spread thata threat was emerging on Bitcoin and cryptos on the side of the White House. It would seem that these sources were well informed, since the President Joe Biden would actually be prepared to issue a executive order which will strongly impact the cryptosphere. Central bank digital currency (MNBC) and monitoring decentralized cryptos would be on the “celebration” program.
An e-dollar so as not to be overwhelmed by cryptos?
If you ever thought that the regulatory framework crypto-assets has become too constraining and stiff – more and more like the old traditional finance – get ready to worse.
According to a report by Yahoo! Finance, the President of the United States, Joe Bidenshould very soon publish a decree directing government agencies to study the establishment of a central bank digital currency.
If a digital dollar is expected (even, begged) for a while now, and will not surprise anyone, another point of this executive order is more worrying. It would indeed also be a question of proposing a government strategy to further regulate digital assets.
“(…) the forthcoming directive will commission a study on an MNBC and ask a series of agencies – including the departments of Treasury, State, Justice and Homeland Security – draw up a report on the future of money and payment systems. »
A US administration official quoted by Yahoo! finance
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Bitcoin subject to a battery of new US regulations?
Among the organisms called upon to come and poke their noses into the cryptopshere is the Financial Stability Oversight Council (FSOC). This Financial Stability Supervisory Board (in good French) was created at the end of the economic crisis of 2008. Its purpose will be to assess the risks of destabilization what Bitcoin and cryptocurrencies represent for the US financial system.
Other organizations of regulation and of monitoringas the Securities and Exchange Commission (SEC) and the Commodities Futures and Trading Commission (CFTC), will be called upon to participate to “protect against the risks associated with cryptocurrencies”.
It is also a question of ” international cooperation “so that US and foreign surveillance agencies “coordinate” on the regulations applicable to cryptocurrencies.
A polite way of saying that the United States intends to impose its point of view coming on the “right” way to regulate Bitcoin and cryptocurrencies. All players in the cryptosphere, and in particular in the USA, will have to be very vigilant on the exact content of the decree to come from the side of the White House.
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