Former White House Advisor Carole House compared Trump's executive order on digital assets to Biden's, stating that they share similar objectives but Trump's falls short in addressing key challenges and opportunities. House emphasized the importance of addressing national security threats, consumer and investor protection, and supporting innovation and research in digital assets. On the other hand, David Sacks, Trump's incoming White House 'Crypto Czar', criticized the Biden Administration's approach to digital assets, claiming that they drove crypto companies offshore through prosecution and lack of clear rules. Despite the criticisms, House acknowledged the progress made in Biden's executive order, including the creation of R&D priorities and a national competitiveness framework. Trump's executive order establishes a digital assets working group chaired by Sacks, with key U.S. agency leaders involved. The future of digital assets is being closely watched by stakeholders globally.
Content Editor ( forbes.com )
- 2025-01-28
Biden’s Policy Lead On Crypto Responds To Trump’s New Executive Order
