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.
"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.
Sarah Sanders image via Shutterstock
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at firstname.lastname@example.org.
USRegulationGovernmentWhite HouseSarah Huckabee Sanders
IBM Says Blockchain Can Power 'Open Scientific Research' in New Patent Filing
A patent application published Thursday claims the process of conducting scientific research can benefit from the blockchain.
Led by a team at IBM's Watson Research Center, the patent application p
CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud
The U.S. Commodity Futures Trading Commission (CFTC) has jailed a bitcoin trader and fined him over $1 million for running a fraudulent bitcoin and litecoin scheme.
According to a press release iss
Japanese Firms Claim Success in Marine Insurance Blockchain Trial
One of Japan's largest insurance companies, Tokio Marine & Nichido Fire Insurance, and IT firm NTT DATA have completed a trial that put the paperwork for marine cargo insurance claims on a blockchain.
Accenture Puts Software License Management on a Blockchain Platform
Global professional services giant Accenture has rolled out a new software license management application built with tech from distributed ledger startup Digital Asset.
Accenture announced in a pre
Singapore's Central Bank, SGX Develop Blockchain Settlement System
The Monetary Authority of Singapore (MAS) and the country's stock exchange, Singapore Exchange (SGX), have developed a settlement system for tokenized assets that can work across different blockchains
Colorado Regulators Crack Down on Four More ICOs
Colorado regulators took action against four ICOs Thursday, bringing the state's total number of cease-and-desist orders against crypto startups to 12.
The state's "ICO Task Force" rebuked Bitcoin
Ethereum Sets Tentative January Goal for Next Blockchain Upgrade
Developers are eyeing January 16th as the date on which Constantinople, ethereum's upcoming network hard fork, could launch.
The upgrade for the world's second-largest blockchain was originally tar
For Bitfinex Users, Dollar Withdrawals Are Now a Weeks-Long Struggle
Three weeks after being assured that everything was running smoothly, some customers of cryptocurrency exchange Bitfinex are wondering why they still can't withdraw their money.
On Oct. 15, the cry