Biden Executive Order on Cryptocurrency Opens Door to Future Regulation

KQED's Forum

KQED

News Commentary, News, Politics

4.2 • 727 Ratings

🗓️ 14 March 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Joe Biden issued a long-awaited cryptocurrency executive order Wednesday, directing federal agencies to study a wide range of issues including protecting consumers and businesses, safeguarding national security, and preventing criminal activity. The order also includes a directive to study the possibility of creating a U.S. digital dollar, an idea that other countries like China, which already has government-backed tokens, have embraced. Biden’s order comes as countries around the world have been rushing to catch up on regulating the cryptocurrency market. We’ll talk about the prevalence of crypto, its growing acceptance as a currency and how it should be regulated. Guests: Laura Shin, host, "Unchained" podcast. Shin is the author of "The Cryptopians: Idealism, Greed, Lies and the Making of the First Cryptocurrency Craze" Nathaniel Popper, author of "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money" Charlie Warzel, contributing writer, The Atlantic. Warzel is the author of "Galaxy Brain," a newsletter about the internet and big ideas Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:33.7	From KQED.
0:36.9	Music From KQED.
0:49.5	From KQED in San Francisco, I'm Alexis Madrigal.
0:52.7	It sometimes seems there are two types of people here in the Bay.
0:59.0	Those who cannot stop talking about cryptocurrencies and their associated acronyms like NFTs and DOWs,
1:02.4	and those of us who would prefer to forget that such things exist.
1:07.9	But the truth is that the world of crypto has entered the realm of the unignorable.
1:11.5	Even the federal government is now on the record as wanting and needing to develop a comprehensive strategy thanks to last week's cryptocurrency executive order. So, come
1:17.5	along with us as we check in on the world that began with Bitcoin's expansive vision and has
1:22.6	somehow led celebrities to buy funny drawings of apes or played a role in the geopolitics of the sanctions against Russia.
1:29.4	That's all next after this news.
1:36.1	Welcome to Forum. I'm Alexis Madrigal.
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