Alright, I did it so you don't have to.

Here's a thread on what Biden's executive order sets out for the industry.

And what that might might mean for crypto investors like you and me.

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First of all, it's important to touch on what this executive order does.

When people think: 'executive order,' they think there will be an immediate change.

With this one, not so much.

No direct action will be taken from this order, at least yet.

It only lays out a process and series of deadlines for an interagency team to write framework around digital assets in 6 different, broad, categories.

This will culminate in report delivered to the president.

Noteworthy:

The very first paragraph seems to take an optimistic tone on crypto and crypto markets, citing:

• Dramatic growth
• Total crypto market cap
• CBDCs

Seems like a promising way to start the report.

There are six categories of 'objectives' set out by the executive order.

These are the objectives that the report (to be delivered to the president) will address.