Tagged: executive order

President Trump’s Executive Order Enabling Alternative Assets in Retirement Accounts Good News for Savers

President Donald Trump signed an Executive Order yesterday that approved alternative assets for individuals holding 401(k) retirement accounts and other defined contribution plans. The decline of defined benefit plans by employers has led to an explosion of 401(k) plans, which are typically offered by employers… Read More

Private Equity, Alternatives Expected to Be Allowed in 401(k)s Soon

As was previously reported, President Donald Trump is expected to issue an Executive Order allowing savers to include private equity and other alternative assets in 401(k) retirement accounts. It is now anticipated that this EO will be signed and posted today. By allowing the booming… Read More

House Financial Services Committee Chairman, Fintech Subcommittee Chair Issue Statement on President Trump’s Executive Orders Relating to Digital Assets, AI

Representative French Hill, Chairman of the House Financial Services Committee, and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil have posted a comment following President Trump signing Executive Orders relating to digital assets and AI. Yesterday, Trump reaffirmed his commitment to supporting… Read More

Digital Asset Insiders Comment on Trump Executive Order Supporting Crypto

Yesterday, President Donald Trump signed an Executive Order supporting digital asset development. The order seeks to ensure US leadership in digital financial technology. A working group will soon be established chaired by the White House AI & Crypto Czar, David Sacks, and include the Secretary of… Read More

Executive Order Signed to Maintain US Leadership in Artificial Intelligence (AI)

President Donald Trump signed an Executive Order today that aims to keep the US at the forefront of Artificial Intelligence (AI) development. The EO revokes “certain existing AI policies and directives” that have been deemed to undermine AI innovation. The goal is to clear a… Read More

President Trump Signs Executive Order to Ensure US Leadership in Digital Financial Technology, including Digital Assets, Bans CBDCs

The Executive Orders keep coming out of the White House. Today, President Donald Trump signed several big ones – including an Executive Order that aims to ensure US leadership in digital financial technology or Fintech, including AI and digital assets. The Order establishes a Presidential… Read More

President Trump Rescinds Biden Executive Order on Artificial Intelligence

As one of many Executive Actions taken by President Donald Trump, the Biden Executive Action pertaining to Artificial Intelligence (AI) has been rescinded. As posted on the White House website, Executive Order 14110 of October 30, 2023 (Safe, Secure, and Trustworthy Development and Use of… Read More

President Biden’s Order Prohibits Purchase and Requires Divestment of Real Estate Operating as Chinese Crypto Mining Facility

On May 13, 2024, President Biden issued an order prohibiting the purchase and requiring the divestment of certain real estate operating as a cryptocurrency mining facility located within one mile of Francis E. Warren Air Force Base (F.E. Warren AFB). The order also requires the… Read More

Biden Administration Sets Out Eight Principles and Priorities for AI

Today, the Biden Administration issued an Executive Order on the emerging artificial intelligence (AI) industry. In the announcement, eight guiding principles and priorities were established for the development of AI. The following were outlined in the EO: Artificial Intelligence must be safe and secure. Promoting… Read More

US Department of Treasury Issues Request for Comments on Digital Assets

The US Department of Treasury has issued a request for comments pertaining to the risks and opportunities affiliated with digital assets or crypto. Under Secretary of the Treasury for Domestic Finance, Nellie Liang issued the following statement on the request: “For consumers, digital assets may present… Read More

California: Governor Newsom Signs Executive Order on Blockchain Tech, Aims to Foster Innovation, Pursue Regulation

California Governor Gavin Newsom issued an Executive Order this week claiming to be the first state in the nation to begin creating a comprehensive and harmonized framework for responsible Web3 technology. According to a statement posted by the Governor’s office, the goal is to foster… Read More

Jeffrey Alberts, Co-Head of Pryor Cashman’s Fintech Group, Comments on Digital Asset Executive Order

Last week, the White House issued an Executive Order on digital assets that outline an approach to regulating the emerging industry. While many details remain to be disclosed, and multiple agencies will be involved in building a regulatory strategy, the crypto industry was relieved that… Read More

Crypto Supporter Congressman Tom Emmer Unpacks His Thoughts on Digital Asset Executive Order

Congressman Tom Emmer, a supporter of blockchain technology and crypto in general, has tweeted out his thoughts on the Executive Order on Digital Assets. Published yesterday by the Biden White House, the Executive Order has been widely embraced by the crypto community as doing no… Read More

Dodging a Bullet? Bitcoin, Other Crypto Rise Following Benign Executive Order on Digital Assets [u]

Bitcoin is rebounding today jumping by over 8% since the early hours of the morning. Industry followers believe that the White House’s Executive Order addressing digital assets has helped to fuel the rise of Bitcoin as well as other cryptocurrencies. Earlier this week it was… Read More

Executive Order on Digital Assets: “Shot in the Arm for Crypto”

Earlier today, the White House posted an anticipated Executive Order on Digital Assets. Currently, the interpretation from industry insiders is cautiously optimistic that the Administration is aiming to balance responsible innovation with the obvious benefits of crypto. The Order was not excessively prescriptive but leaves… Read More

Secretary of Treasury Yellen Issues Statement on Digital Asset Executive Order

Secretary of Treasury Janet Yellen has issued a commend on the Executive Order published today that addresses the fast-growing digital asset industry. Secretary Yellen said that President Joe Biden’s order calls for a coordinated approach to digital asset policy: “This approach will support responsible innovation… Read More

White House Executive Order on Digital Assets Aims to Promote Innovation While Mitigating Risk, Illicit Activity in Cryptocurrencies

As was widely anticipated, the White House has posted an Executive Order targeting digital assets and cryptocurrencies. In a statement the White House explained their goal: “The rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at… Read More

White House Report: Executive Order on Crypto Regulation Expected this Week

Multiple reports are claiming that the White House will issue an Executive Order on cryptocurrency at some point this week. The news follows days of concern from some policymakers that Russia and its elites may leverage crypto to evade the growing list of economic sanctions…. Read More

Open Banking Executives Laud Inclusion of Easier Bank Switching in Biden Executive Order on Competition

Earlier today, President Joe Biden signed the Executive Order that included a litany of policy objectives that are ostensibly designed to improve competition. While some aspects may fall short, one area that may please Open Banking (or Open Finance) advocates is the inclusion of easier… Read More

Biden Administration Issues Executive Order on Hodgepodge of Items “Promoting Competition” Including Banking. But Will the Policy Move Really Help SMEs?

  As anticipated, the Biden Administration has issued an Executive Order that is said to promote competition in the US economy. The order is extensive and includes a list of 72 areas where Joe Biden seeks to change. Included in the list is net neutrality,… Read More

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