After six months, the federal government’s review of the crypto world hasn’t yet offered a road map for oversight, though it hinted at a federal regulatory structure and emphasized that a central bank digital currency may have serious support.
The report is the first public response to U.S. President Joe Biden's executive order on crypto, and also called for standards to be set to reduce energy usage.
Bipartisan legislation approved by Congress to help out computer-chip manufacturing will also establish a new digital assets expert to advise the president.
A new legal advisory from the Office of Government Ethics bars federal workers who own crypto from working on policies that could influence the value of their digital assets.
The Biden administration blames Russia's war on Ukraine for the extraordinary elevated inflation to be revealed by Tuesday's data from the U.S. Labor Department.