Biden’s policy responds to encryption to Trump’s new executive order

One of the former White House advisers to former President Biden participated in Trump New executive On the digital assets issued last Thursday. Carroll House, the special adviser to the outgoing national security council for cyber and critical infrastructure, as well as the main architect of former President Biden’s executive order on digital assets, has witnessed similar goals with the new Trump policies, as well as some shortcomings in critical issues that affect digital assets.

“I am happy to see similarities with many goals in [Biden’s] House said the first executive, to emphasize the importance of enhancing technological innovation and competitiveness in digital assets to enhance the centrality of the United States in the financial system.

Regarding the location of the Trump version of the digital assets policy, the House of Representatives said, “This EO does not focus on facing the main challenges and opportunities provided by digital assets in major areas such as national security threats, or protecting consumers and investors, or defining specific steps to support innovation, research and development In digital assets or the wider digital payments.

According to House, it will be important to see how Trump’s executive thing “… very real threats that exploit digital assets and abuse them in activities such as Internet crimes, fraud, human trafficking and drugs.”

Meanwhile, David Sachs, the upcoming White House president, “Crypto CZAR”, is described. Trump’s executive order on Fox’s work While sharing some harsh words for the Biden administration approach to digital assets. “Over the past four years, the Biden administration has reduced the encryption and persecution companies that prompted them abroad, I have heard many outrageous stories by project owners, the Biden administration will not tell them what the road bases were, then they are tried,” they declared the bags.

However, the house described the progress made by Biden’s executive order on digital assets such as Establishing research and development priorities And the first at all National competitive framework For digital assets. “Given the national nature of these technologies and fields such as financial stability, geological competition, and the face of illegal financing, politics makers will need to think about the best way to work with the main international partners to advance the necessary developments and experimentation in digital financing and assets,” said House.

According to Trump’s new executive order, it will chair the set of bags of digital assets and include American agency leaders such as Treasury Secretary, Public Prosecutor, and Minister of Commerce. Stakeholders around the world will closely monitor to see how this administration will form the future of digital assets.