• The White House has issued an official roadmap to reduce the risks related to cryptocurrency.
• The roadmap outlines a framework for creating digital assets securely and sustainably while addressing the risks they pose.
• The Biden Administration is prioritizing the need to ensure that cryptocurrencies do not threaten financial stability, protect investors, and hold bad actors accountable.

The Biden Administration has taken a major step to address the risks associated with cryptocurrencies. On January 28, 2023, the White House issued an official roadmap to reduce the risks related to cryptocurrency. The roadmap outlines a framework for creating digital assets securely and sustainably while addressing the risks they pose.

The Biden Administration has identified three key areas of focus to ensure that cryptocurrencies do not threaten financial stability, protect investors, and hold bad actors accountable. To do this, they have created a framework for building digital assets that is designed to mitigate the risks posed by cryptocurrencies. The framework includes establishing clear guidelines and regulations, providing access to financial services, and enforcing compliance with existing laws and regulations.

The White House has also identified several areas that need to be addressed to reduce the risks of cryptocurrency. These include the need for more transparency, better consumer protection, and improved market infrastructure. The Administration has also committed to developing educational materials to help both investors and users understand the risks associated with cryptocurrencies.

The roadmap also outlines the need for a comprehensive approach to fighting money laundering and other illicit activities in the cryptocurrency space. The Administration is committed to improving enforcement efforts and working with both domestic and international partners to prevent and investigate criminal activity related to cryptocurrencies.

Overall, the Biden Administration is taking a proactive approach to reducing the risks associated with cryptocurrencies. The roadmap outlines a comprehensive framework for building digital assets securely and sustainably while addressing the risks they pose. By improving transparency, providing access to financial services, and enforcing existing laws, the Biden Administration is working to ensure that cryptocurrencies do not threaten financial stability, protect investors, and hold bad actors accountable.