US President Joe Biden has signed an eagerly-anticipated executive order directing the government’s agencies to come up with a plan to regulate cryptocurrency. The nation’s financial regulators will look at the risks and opportunities presented by digital currencies with a focus on consumer protection, national security and illegal activity. The Biden administration says it’s responding to the sector’s “explosive growth” in recent years, and as more countries look to regulate the sector and establish their own official digital currencies, it’s something the US will consider. The announcement was welcomed by investors, and the value of Bitcoin rose by 9% yesterday. #SquizShortcut