This is reported by Ukrinform with a link to the White House website.

“There are recommendations for the protection of consumers, investors, business, financial stability, national security and the environment, according to the President’s instruction,” the message said.

The document contains information on ways to improve financial services and ways to combat cryptocurrency fraud.

The digital asset market has grown significantly in recent years. Millions of people around the world, including 16% of American adults, purchased digital assets that reached a market value of $3 trillion last November. Digital assets create potential opportunities to strengthen US leadership in the global financial system and stay on the technological frontier. However, they also pose real risks, as recent developments in the cryptocurrency markets have proven. The so-called stablecoin’s collapse in May and the ensuing wave of bankruptcies wiped out more than $600 billion in investor and consumer funds.

According to the March 9 decree on ensuring responsible development of digital assets, it outlines the first nationwide approach to eliminating risks and harnessing the potential benefits of digital assets and underlying technologies. Over the past six months, government agencies have worked together to develop proposals that go into the concept. The main points covered by the recommendations are: consumer and investor protection; promotion of financial stability; combating illegal financing; USA’s leadership and economic competitiveness in the global financial system; financial availability of cryptocurrencies.

As reported by Ukrinform, Ethereum co-founder Vitaly Buterin transferred 1,500 Ethereum tokens, or about $4.7 million at the current exchange rate, to support Ukraine.