User:Ezuckermurray/Virtual Currency law in the United States

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https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/

An executive order by President Joe Biden regarding the treatment of Digital Assets

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Monetary Policy

On March 9th, 2022, President Joe Biden signed an executive order regarding digital assets, which is the first time a "whole-of-government approach" was utilized to provide protections regarding digital assets for both individual citizens and the United States as a whole. According to a press statement given by Secretary of State Antony J. Blinken, the executive order is intended to protect and promote positive financial innovation whilst putting a stop to malicious use of digital assets, and he specifically addresses the Russian attack on Ukraine as one of the reasons for the executive order's creation.

Money Laundering

On the 6th of May, 2022, the United States Treasury issued a sanction on a virtual currency mixer, called Blender.io, for the first time. According to their press release, this is in response to its usage by a DPRK hacking group in processing $20.5 million in stolen currency. The group became a priority after the DPRK Cyber Threat Advisory document was released by the United States Departments of Homeland Security, the Treasury, the State and the Federal Bureau of Investigation.