America Has a Great Dilemna Regarding Bitcoin and Cryptocurrencies

Yes, America has a dilemma regarding Bitcoin and cryptocurrencies. U.S. President Joe Biden signed an executive order calling on the government to examine the risks and benefits of cryptocurrencies. The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation. One of the biggest risks posed by cryptocurrencies is that they could weaken the U.S. Federal Reserve’s ability to set monetary policy.