Cryptocurrency is a point of focus in President Joe Biden’s new directive aimed at combating corruption as a core national security interest of the U.S. An official of the Biden administration says that major parts of the directive will focus on cryptocurrency and cybercrime.
Crypto a Focus in Biden’s New Directive for National Security
President Joe Biden has issued a new directive to federal agencies to prioritize efforts to confront global anti-corruption. It was published in the “Memorandum on Establishing the Fight Against Corruption as a Core United States National Security Interest,” published by the White House on Thursday.
An administration official explained that the memorandum is important because it publicly notifies federal agencies to “up their anti-corruption game,” CNBC reported Friday.
Major parts of the directive will be focused on financial crimes, including steps to modernize existing anti-corruption laws to confront cryptocurrencies and cybercrime, the official detailed, adding:
We are looking at crypto as a means of illicit