Will Biden's Executive Order enact a crackdown on cryptocurrency?

With the recent announcement of President Biden's Executive Order on Ensuring Responsible Development of Digital Assets, many in the cryptocurrency community are wondering: Will this mark a significant crackdown on cryptocurrency? The order aims to address risks associated with digital assets, while promoting their potential benefits. However, the vague language and broad scope of the order leave room for interpretation. Are regulators preparing to tighten regulations on crypto exchanges and wallets? Will there be more scrutiny on decentralized finance (DeFi) platforms? Or, is this simply an attempt to establish a framework for responsible innovation in the digital asset space? The answers to these questions remain uncertain, but the crypto community is certainly on high alert.