During an interview, Rob Joyce, special assistant to the president and White House cybersecurity coordinator told that the government is concerned about cryptocurrencies but it is still a long way from developing an official regulatory framework.
I think we’re still absolutely studying and understanding what the good ideas and bad ideas in that space are,” he said of cryptocurrency regulation. “So, I don’t think it’s close.
Special President's assistant and White House cybersecurity coordinator
According to him, the White House is concerned about the ability of criminals to use cryptocurrency to violate anti-money laundering policies at traditional financial institutions. Bitcoin is a decentralized and digital, unlike fiat currencies such as the dollar it’s not backed by a central authority.
Due to the fact that transactions are anonymous, the coin has been accused of making it easier for those engaged in illicit activities to hide their money. Joyce also stated that the government hasn’t figured out instantiation of bitcoin and other cryptocurrencies yet.