The White House is preparing executive action to regulate crypto as a "National Security Matter."

 

According to this source, the public security memorandum, which is awaited to be released in the coming few weeks, would assign portions of the government the task of assaying digital means and putting together a governmental frame that would cover cryptocurrencies, stablecoins, andnon-fungible tokens (NFTs). 

“This is designed to look holistically at digital assets and develop a set of policies that give coherency to what the government is trying to do in this space,” said the source.

In particular, those involved in the action would be, the State Department, Treasury Department, National Economic Council, and Council of Economic Counsels. 

 Economic counteraccusations for public security

 

 Specially, since cryptocurrency has counteraccusations for public security the person involved also indicated that The White House Security Council would be involved in the executive action.

 

Following this manner, the administration would direct agencies to concentrate on aligning legislation governing digital assets across international borders.

“Because digital assets don’t stay in one country, it’s necessary to work with other countries on synchronization.”

It isn't expected that the White House would give proffers; rather, agencies would be allowed three to six months to develop proffers, with the White House serving as a policy collaboration body.