Bitcoin took a bullish run Wednesday after what appeared to be prematurely published U.S. Treasury statement easing market worries about a possible tightening of U.S. regulations digital assets.
In a statement which briefly appeared on the Treasury website before it was taken down, Treasury Secretary Janet Yellen said a still-pending executive order on virtual currencies from President Joe Biden “calls for a coordinated and comprehensive approach to digital asset policy (that) will support responsible innovation.” CoinDesk carried an archived version of the release.
Reuters reported it reached out for comments, but the U.S. Treasury Department did not immediately respond.
According to Reuters, U.S president Joe Biden is expected to sign a long awaited executive order this week direction the Justice Department, Treasury and other agencies to study on legal and economic implications of created U.S. central bank digital currency.
The statement “seems to indicate that (U.S. authorities) won’t be taking any swift, major regulatory actions as yet, and will likely be taking a more coordinated and objective approach over time,” leading cryptocurrencies to rally, said Matthew Dibb, COO of Singapore crypto platform Stack Funds as reported by Reuters.
As of this report Bitocin in trading above $41,000.
