Carole House, co-author of President Biden’s executive order on crypto, said keeping crypto in the country is a matter of national security.
Crypto innovation going overseas could be a threat to U.S. national security, said Carole House, former director of cybersecurity and secure digital innovation at the White House and co-author of President Joe Biden’s executive order on crypto.
“Driving any of the actors in cryptocurrency and other financial markets to have centers of gravity outside of the United States is also counter to U.S. national security objectives,” House told CoinDesk TV’s “First Mover” on Monday.
Stay in the know on crypto by frequently visiting Crypto News Today
It is also important that crypto and financial innovation stays under the guidance of U.S. regulators, she said.
“It’s critical to be able to not only enforce against actors that are acting poorly, but also to provide very clear paths under supervision so that we can encourage the innovation to happen here,” House said.
House, who is chairwoman of the Commodity Futures Trading Commission’s new Technology Advisory Committee, said her committee is trying to figure out the “practical reality of what the developments in the technologies look like [and] where the greatest risks are.”
By getting a better handle on the emerging technologies, House said, the committee may be able to give the CFTC more concrete recommendations on regulatory frameworks and policy guidelines.
“The U.S. financial system really sits at the heart of so many parts of the toolbox of U.S. national security tools and capabilities,” House said. “Anything that potentially weakens the sector could be a concern.”
Ahead of the committee’s first meeting on Wednesday, the group will discuss technology policy, the legal implications related to decentralized finance and artificial intelligence and cybersecurity for commodity and derivatives markets, she said.
Read More at COINDESK
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
SOL – DLvdMu85dW6pZMhw2E4S3pp81qQQGpy5UcdTsFEFBu4b
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt