Biden Makes Cryptocurrency a Focus of New Anti-Corruption Directive for National Security

Biden Makes Cryptocurrency a Focus of New Anti-Corruption Directive for National Security


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.

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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

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