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Trending this week: President Biden signs executive order that will lead to cryptocurrency regulation

This week's top story was, Restaurant Revitalization Fund is dropped from omnibus spending bill as hope for relief dwindles. A second round of restaurant relief will not be included in the omnibus spending bill expected to be voted on by Friday. The rallying cry for a last-ditch effort to include another round of the Restaurant Revitalization Fund in President Biden’s spending package was led by Senate Small Business chair Sen. Benjamin Cardin (D-Maryland) and Sen. Roger Wicker (R-Miss.) in February.

In other news, President Joseph Biden signed an executive order Wednesday to “ensure responsible development of digital assets,” or to regulate the previously unrestricted world of cryptocurrency, which according to the White House, surpassed $3 trillion in value in November.

“The financial innovation and the technological innovation underlying this boom has a lot of potential benefit, but the risks and the costs are increasingly becoming apparent,” Brian Deese, director of Biden’s National Economic Council, told CNBC. “We need a 21st-century government structure to actually address this.”

Also, Chipotle Mexican Grill rolled out its long-awaited Pollo Asado in the U.S. and Canada, the first new chicken menu item at the chain in 29 years.

The new item was tested in Sacramento and Cincinnati last year, and results were on par with the popular Smoked Brisket limited-time offer available at the end of 2021. Pollo Asado is also a limited-time offer, and will join the menu alongside the chain’s top-selling Adobo Chicken, which is a permanent menu item.

See what else was trending on this week. 

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