The national security memorandum, expected to come in the next few weeks, would task parts of the government with analyzing digital assets and assembling a regulatory framework that covers cryptos, stablecoins, and NFTs, or non-fungible tokens,

The White House wouldn’t issue recommendations. Agencies would be given three to six months to come up with proposals, and the White House would act as a policy coordinator.

“Because digital assets don’t stay in one country, it’s necessary to work with other countries on synchronization."