Your Resource for Government on Crypto

Biden Administration Announces Roadmap to Mitigate Crypto Risk
National Economic Council chief Brian Deese, White House Office of Science and Technology Policy director Arati Prabhakar, Council of Economic Advisors chair Celicia Rouse, and National Security Advisor Jake Sullivan released a statement on January 27 announcing that the Biden administration will unveil priorities for digital assets research and development in the coming months. They stated that agencies should continue to ramp up enforcement and issue new guidance for cryptocurrencies, and called for Congress to expand regulators’ authority to prevent misuse of customer assets. The announcement also says that the administration is planning to fund the research and development of digital asset technology and is seeking public input on how to do so. The public has until March 3 to provide input.