By Craig Harris | USA Today
Cryptocurrency is poised to get government oversight.
President Joe Biden signed an executive order Wednesday that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.
Under the executive order, Biden also has directed the Treasury Department and other federal agencies to study the impact of cryptocurrency on financial stability and national security.
In the U.S., cryptocurrencies have become the rage among billionaires, celebrities and athletes with minimal regulation and concern from the Securities and Exchange Commission.
