The United States government addressed Cryptocurrency in the past, but now they are taking a comprehensive look into the matter as the President of the United States just signed an executive order detailing the country’s first “whole-of-government” strategy exploring crypto and digital assets.

The Treasury and partners will recommend policies protecting people and businesses against financial risks. The Financial Stability Oversight Council will help pinpoint dangers and will suggest policies. Government agencies will also aim to decrease the risk of illegal stuff and security threats. The solution to this seems to include cooperation with international allies.

The strategy sees cryptocurrency as a very competitive tool, although the presidential order will establish urgency in researching, creating a central bank-backed digital currency, including cooperation with the Federal Reserve and experimentation with other countries.

The administration is clear with the goals, This order is supposed to steer crypto and digital nontangible goods “consistent with democratic values,” according to NEC Director Brian Deese and National Security Advisor Jake Sullivan. That is, it would help the US maintain a leading position in global finance without jeopardizing economic stability or worsening inequality.

This executive order promises to give the United States a more unified approach to crypto. Although there are no guarantees that this decision will take place, at least not shortly.