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Hey Guys! Welcome and in today’s video, I am going to discuss on can US government ban or shut down cryptocurrency.

President of the United States Joe Biden signed an executive order mandating that the government assess the advantages and disadvantages of cryptocurrencies. The crypto sector has been on edge as a result of this long-awaited order, not the least of which is the mounting regulatory anxiety around the developing global digital asset market.

There were rumors that the White House and Treasury Secretary Janet Yellen disagreed, which caused the policy's implementation to be delayed. The Treasury unintentionally released a statement—since deleted—calling the executive order "historic" and giving away some of the specifics before it was officially announced, which alerted the crypto market the next morning.

The Treasury is being asked by the Biden administration to examine cryptocurrency and make policy suggestions. Additionally, it calls for authorities to provide enough oversight and provide protection from any systemic financial risks brought on by digital assets.
Giving the United States a competitive edge over other nations when it comes to the development of cryptocurrencies is a focus of some of the language in the White House announcement. This is especially important now that cryptocurrencies have been virtually outlawed in China.

In summary, you shouldn't panic. Because the world of cryptocurrencies is not going anywhere. Governments around the world are essentially powerless to stop it. However, the effects would be disastrous for the world economy. Therefore, it is quite unlikely that a wise government would adopt this new technology and use it well.

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