White House Team Is Monitoring Cryptocurrencies, Says Press Secretary

[Cordillerabit]

The Trump administration has said it is keeping an eye on cryptocurrencies like bitcoin in the wake of its recent explosive price jumps.

White House press secretary Sarah Sanders said during a press briefing session that bitcoin and other cryptocurrencies are "something that is being monitored by our team."

In response to a reporter's question on whether the U.S. government is planning for cryptocurrency regulations, Sanders mentioned that there is no specific announcement on the topic right now, adding that it had been brought up in a meeting earlier this week by Tom Bossert with the homeland security team.

She continued:

"I know it's something that he's keeping an eye on. And we'll keep you posted when we have anything further on it."

While the cryptocurrencies are being monitored by the White House, it is also more positively exploring blockchain technology to improve U.S. government operations.

Comments made in March by Mark Calabria, chief economist to Vice President Mike Pence, indicated at the time that there is enthusiasm within the Trump White House toward blockchain, hinting that progress toward adoption could be seen in the coming years.

Source