The impact of Biden’s executive order on cryptocurrency

The Superbowl is America’s most-watched television event of the year and this year the sector with the most advertising was crypto. The crypto ecosystem of digital money (e.g., Bitcoin), nonfungible tokens (NFTs), digital wallets, and trading platforms have appeared throughout popular culture from a skit on the late-night comedy show Saturday Night Live to a segment of the Simpsons, currently America’s longest-running prime-time TV show. The rise in popularity and growth in ownership of these digital assets has also caught the White House’s attention with the release of President Biden’s new executive order, “Ensuring Responsible Development of Digital Assets.”


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