Former WhiteHouse aide Carole House said keeping crypto innovation in the U.S. is a matter of national security and crypto should be kept under the watch of U.S. regulators. _franvela reports
“Driving any of the actors in cryptocurrency and other financial markets to have centers of gravity outside of the United States is also counter to U.S. national security objectives,” House told CoinDesk TV’s “First Mover” on Monday.
It is also important that crypto and financial innovation stays under the guidance of U.S. regulators, she said. “It's critical to be able to not only enforce against actors that are acting poorly, but also to provide very clear paths under supervision so that we can encourage the innovation to happen here,” House said.of the Commodity Futures Trading Commission’s new Technology Advisory Committee, said her committee is trying to figure out the “practical reality of what the developments in the technologies look like [and] where the greatest risks are.
By getting a better handle on the emerging technologies, House said, the committee may be able to give the CFTC more concrete recommendations on regulatory frameworks and policy guidelines. “The U.S. financial system really sits at the heart of so many parts of the toolbox of U.S. national security tools and capabilities,” House said. “Anything that potentially weakens the sector could be a concern.”
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