The White House's cryptocurrency "roadmap" advises against investing in pension funds 2023

 In a recent statement, the Biden administration praised its comprehensive framework and urged authorities and Congress to tighten the screws on cryptocurrency.

On January 27, the White House issued a statement that presented US President Joe Biden's administration with a road map for reducing the dangers connected with cryptocurrencies. Much of the administration's legislative guidance was directed at the United States Congress.

The roadmap's initial component is the administration's "first-ever" comprehensive framework for digital asset creation, which will be issued in September 2022. This paper was based on reports required under the president's executive order Ensuring Responsible Development of Digital Assets, which was released in March 2022.

Second, executive agencies are tightening their enforcement and publishing new guidelines. Government agencies, according to the statement, are launching public awareness initiatives "to help consumers understand the hazards of purchasing cryptocurrency." It specifically cited banking regulators and encouraged them to keep up their efforts. The declaration was delivered on the same day that the Federal Reserve System refused digital asset Custodia Bank membership.