What’s next after Biden’s crypto order
By Claire Williams, Kyle Campbell
President Biden’s long-awaited executive order on cryptocurrency was met with cautious optimism from much of the finance industry, but with so many important details unresolved, it’s far from certain what the policy outcome of the order will ultimately be….“The president has no authority to order the Fed to do anything, but what he can do and what he has done is tell the central bank that the White House believes that a CDBC may well be vital,” Karen Petrou, managing partner of data firm Federal Financial Analytics, said. “This is a request the Fed cannot ignore.”
https://www.americanbanker.com/list/what-bidens-crypto-order-means-for-banks