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- Washington
Biden to Sign Executive Order on Cryptocurrency Regulation
The order will mark the first step toward overseeing digital currency trading.
Mar. 31, 2026 at 2:59am
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President Joe Biden is expected to sign an executive order this week that will initiate the federal government's first major steps toward regulating the cryptocurrency industry. The order comes as administration officials have raised concerns about the risks posed by the rapidly growing digital asset market.
Why it matters
Cryptocurrency has exploded in popularity in recent years, with Bitcoin and other digital currencies reaching record valuations. However, the lack of regulation has also enabled illicit activities like money laundering and fraud. This executive order signals the government's intention to bring more oversight to the crypto space and protect consumers.
The details
The executive order will direct federal agencies to assess the risks and benefits of cryptocurrencies and issue reports on their findings. It will also call for the government to explore a potential U.S. central bank digital currency. The goal is to establish a comprehensive government strategy for regulating digital assets.
- The executive order is expected to be signed by President Biden this week.
The players
President Joe Biden
The President of the United States who is expected to sign the executive order on cryptocurrency regulation.
What they’re saying
“Cryptocurrency has grown to nearly $3 trillion in market value, and Biden's order will force the government to finally address the risks and opportunities it poses.”
— Erin Schrode, Cryptocurrency policy expert
What’s next
After signing the executive order, federal agencies will have 180 days to submit their reports on cryptocurrency regulation.
The takeaway
This executive order marks a significant shift in the federal government's approach to cryptocurrency, signaling that policymakers are ready to bring more oversight and stability to the rapidly evolving digital asset market.
