Crypto Executive Order ‘Short on Clarity’ Hailed by Sector (1)

The Biden administration’s long-awaited executive order for government agencies to take a closer look at issues surrounding the crypto market is being celebrated by industry participants despite it lacking a clear path on possible regulation.

“The executive order is quite vague. They still talk a lot about the need to keep restrictions on this asset class,” said Matt Maley, chief market strategist at Miller Tabak + Co., said. “However, it is still the kind of signal that the Washington, D.C., establishment is becoming more comfortable with cryptos and that is bullish.”

Antoni Trenchev

Photographer: Christopher Goodney/Bloomberg

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