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Crypto expert says Biden’s exec order 'seemingly disorganized’
Biden exec order on crypto ‘seemingly disorganized’: Expert
Republic Crypto head Andrew Durgee calls Biden’s plan to regulate digital assets a ‘mixed bag.’
More than one month after President Biden signed an executive order ensuring the responsible development of digital assets and cryptocurrencies, one market expert sounded the alarm on the "seemingly disorganized" effort.
"The executive order is kind of a mixed bag," Crypto Republic head Andrew Durgee told FOX Business’ Maria Bartiromo on Tuesday. "There's a number of good things and kind of bad things associated."
"But it is seemingly disorganized order from our opinion," he continued.
While Biden outlined a government approach to addressing the risks and benefits of cryptocurrencies, Durgee argued on "Mornings with Maria" that having too many agencies involved can create more regulatory confusion.
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"There's dozens of agencies involved in the executive order… and that's a lot of cooks in the kitchen at one time," Durgee said. "And that makes things very difficult to determine what are the right steps, the right moves."
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