The White House believes that cryptocurrencies can carry the risk of US national security

WASHINGTON, 16 Sep. The recent turmoil in the cryptocurrency market suggests that this type of asset is capable of harming the financial stability and national security of the United States, White House economic adviser Brian Deese told reporters.

“Over the past months, we have seen significant turmoil in the cryptocurrency markets, and these events really demonstrate how, without proper oversight, cryptocurrencies risk damaging the financial stability of ordinary Americans and our national security,” Dees said during a conference call.

In turn, the director of the White House Office of Science and Technology Policy, Alonda Nelson, told reporters that the administration had not made a final decision on the possibility of issuing a digital US dollar. At the same time, back in the spring, US President Joe Biden instructed government departments to study this issue in order to weigh all the risks and benefits of such a step.

“Our colleagues at the Federal Reserve System (the Fed, which acts as the central bank in the United States – ed.) Also conducted experiments and studies designed to determine whether we need to continue working towards issuing a digital dollar,” Nelson said, emphasizing that there was no no final decision has yet been made on this issue.

Read about us
Read our signals