US President Joe Biden recently issued an executive order that will oversee various cryptocurrency efforts, including a study of whether there should be a virtual dollar-based cryptocoin, the efficacy of various future banking regulations for the Federal Reserve, and the roles for executive agencies including Treasury, Justice and Homeland Security on how to best manage crypto markets. Additionally, those of you who have already begun doing your US federal taxes might have noticed that the IRS now wants you to document your crypto holdings for the past year.
