POTUS Biden is attempting to push an executive order that would offer federal oversight on crypto markets.
In a article on Bloomberg.com, the executive order is described as an ‘..initiative [that] will also aim to coordinate agencies’ work on digital currencies throughout the executive branch..’
This will be some of the first major actions taken by the US Government to begin instituting federal overwatch on the notoriously ‘government-free’ crypto environment.

Link to article – https://www.bloomberg.com/news/articles/2021-10-08/white-house-weighs-wide-ranging-push-for-crypto-oversight