Biden Signs Order to Study Cryptocurrency

executive order: 행정명령 
U.S. President Joe Biden Wednesday signed an executive order requiring the government to assess the risks and benefits of cryptocurrencies.

Treasury Department: 미국 재무부
Commerce Department: 미국 상무부 
The president’s order requires the Treasury Department, the Commerce Department, and other key agencies to prepare reports…

oversight: 관리, 감독
fend off: (공격 등을) 피하다, 막아내다
Administration officials said oversight of the booming sector is essential to ensure U.S. national security, financial stability, and to fend off the growing threat of cybercrime.

a crackdown on: ~에 대한 단속 
Bitcoin surged on the news of the executive order, calming market fears of an immediate crackdown on cryptocurrencies.