White House: Recent Crypto Crash ‘Further Underscores’ Need for Prudent Regulation of Digital Asset Space

White House: Recent Crypto Crash ‘Further Underscores’ Need for Prudent Regulation of Digital Asset Space


The White House is weighing in on the recent crypto meltdown with pro-regulatory comments in a recent press briefing.

On Thursday, White House press secretary Karine Jean-Pierre responded to questions about US President Joe Biden’s administration’s approach to the crypto sector amid FTX’s high-profile collapse this week.

“I’m not able to comment on what specific actions independent regulators should or should not take on this particular issue, but what I can say is, the administration is aware of the recent developments on this and we’ll just continue to monitor the situation…

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The administration has… consistently maintained that without proper oversight, cryptocurrencies risk harming everyday Americans, so this is something that clearly we monitor and that we see as an important issue. But the most recent

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