The majority of the reports required by the order relate to enforcement. The broadest of these is likely Treasury’s report with policy recommendations “to protect United States consumers, investors and businesses, and support expanding access to safe and affordable financial services.” The most impactful may be a joint U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) report on how their existing jurisdictions may address the risks of digital assets, and whether additional authority is needed. Other reports deal with illicit activity, financial stability, climate, privacy and consumer protection as well as competition.
Bitcoin ETFs Added To Michigan State Pension Fund With $6.6 Million Allocation
The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) in January 2023 has opened the floodgates...