The White House communications director, Ben LaBolt, also possesses over $50,000 worth of Bitcoin and over $15,000 of Ethereum 2, according to a recently published financial disclosure report.
United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation., the White House communications director Ben LaBolt will be barred from “participating in legal matters, investigations, or contracts involving cryptocurrency or technology firms he previously represented.
Meanwhile in the assets and income section, LaBolt disclosed that he holds $50,001-$100,000 in Bitcoin and $15,001-$50,000 in Ethereum 2 .Stress test? What Biden’s bank bailout means for stablecoins Despite the restrictions expected to be put in place, it was reported that LaBolt will be allowed to advise on the president’s approach to regulating cryptocurrency and social media companies.While the EO didn’t specify any regulatory actions, itthat will involve 16 high officials, initially starting with the task of producing an elaborate series of reports.
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