Planet Money

Biden Executive Order on Cryptocurrency Opens Door to Future Regulation

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 (Cameron Spencer/Getty Images)

President Joe Biden issued a long-awaited cryptocurrency executive order Wednesday, directing federal agencies to study a wide range of issues including protecting consumers and businesses, safeguarding national security, and preventing criminal activity. The order also includes a directive to study the possibility of creating a U.S. digital dollar, an idea that other countries like China, which already has government-backed tokens, have embraced. Biden’s order comes as countries around the world have been rushing to catch up on regulating the cryptocurrency market. We’ll talk about  the prevalence of crypto, its growing acceptance as a currency and how it should be regulated.

Guests:

Laura Shin, host, "Unchained" podcast. Shin is the author of "The Cryptopians: Idealism, Greed, Lies and the Making of the First Cryptocurrency Craze"

Nathaniel Popper, author of "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money"

Charlie Warzel, contributing writer, The Atlantic. Warzel is the author of "Galaxy Brain," a newsletter about the internet and big ideas

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