white house: The White House Crypto Framework: Everything You Need to Know

by Arthur · September 16, 2022

The White House released a new framework regarding crypto regulations in the United States. This framework includes how to combat fraud in digital transactions and assets; how the financial sector should evolve to make cross-border transactions more accessible; and the benefits of having Central Bank Digital Currency (CBDC).

Table of Contents

Important things to know about the White House’s Crypto Regulation Framework

The White House Framework has a section dedicated to combating and tackling fraud in the world of digital assets. The measures included in the framework will help to crack down on fraud.

Another exciting thing about the framework is that it also highlights the possibility of a digital dollar currency in the future. It points out various advantages of a CBDC. Jerome Powell also said that the main motive of the CBDC in the United States is to eradicate the use of crypto-coins in the country.

The framework also contains a section on protecting the country’s financial stability. Stablecoins, a type of cryptocurrency, have a high value in real estate assets and will be singled out by the White House. There are many non-government tokens used for transactions globally, and this space is beyond the reach of central banks.

Biden is hosting the first Easter Egg Roll in two years

First White House Easter Egg Roll in two years

After a pandemic hiatus, President Joe Biden, First Lady Jill Biden and Vice President Kamala Harris launched the first White House Easter Egg Roll in two years on Monday, resuming an annual tradition for children that dates back to 1878.

“Ready Set Go!”

“Ready Set Go!” Biden shouted and blew a whistle to start the festivities, in which children race to roll pastel-colored eggs down a section of the South Lawn using long-handled spoons.

Top administration officials were also present

A light rain did nothing to put a damper on an event attended by 30,000 children and adults. Many top administration officials were on hand for the egg roll, including Secretary of State Antony Blinken and White House Press Secretary Jen Psaki and their children.

Biden read a children’s book

As Harris blew his whistle to set off a wave of egg rolls, the Bidens went to another part of the lawn to read a children’s book, “Brown Bear, Brown Bear, What Do You See?” They were soon joined by NBC’s “Tonight Show” host Jimmy Fallon, who read aloud his children’s book, “Nana Loves You More.”

Theme for the event

The theme of the event was “egg-ukation,” and the South Lawn was set up with an educational theme. Jill Biden is a community college professor. The Egg Roll event is a tradition started by then-President Rutherford B. Hayes in 1878. The coronavirus pandemic forced the cancellation of the event in 2020 and 2021.

Common questions

Q1. What does the crypto regulatory framework released by the White House include?
The White House released a crypto regulatory framework, which is about what the crypto regulation should be in the United States. This framework also includes various ways in which financial sector services change over time to make the transaction process easier. The White House’s framework also includes methods to combat cryptocurrency fraud.

Q2. What follows the framework?
The White House framework follows US President Joe Biden’s executive order in March. The president called several federal agencies to have an in-depth discussion to find out the advantages, disadvantages and risks of cryptocurrency.

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