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TRM Talks: Biden's Executive Order on Crypto: A Discussion With Policy Experts

Mar 10, 2022 - 24min

EPISODE 19

TRM Talks: Biden's Executive Order on Crypto: A Discussion With Policy Experts

With Carole House,  and Dante Disparte,  and Teana Baker-Taylor and

Yesterday, President Biden signed a long-awaited crypto executive order on “Ensuring Responsible Innovation in Digital Assets (Order),” and issued this fact sheet. While regulatory agencies have been providing crypto-related guidance and taking enforcement actions for years, the White House, with this executive order, intends to outline “the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.” The Order sets forth a national policy for cryptocurrency across “six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.” Check out TRM’s analysis of the EO.

In the wake of the executive order, TRM Talks sat down with three experts - Carole House, Director of Cyber Security and Digital Innovation at the White House National Security Council, Teana Baker-Taylor Chief Policy Officer for the Chamber of Digital Commerce and Dante Disparte, Chief Strategy Officer and Head of Global Policy for Circle -  to discuss the Order, the deliberations behind it and what it means for the crypto-industry and beyond.

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About the guests

Carole House
Atlantic Council

Carole House is a nonresident senior fellow at the Atlantic Council GeoEconomics Center. She is currently serving as the White House National Security Council (NSC) special advisor for cybersecurity and critical infrastructure policy, where had also served as the director for cybersecurity and secure digital innovation in 2021-2022. House recently was an executive in residence at Terranet Ventures, Inc., and served on advisory councils for thd US Commodity Futures Trading Commission, the New York Department of Financial Services, and the Idaho Department of Finance. She previously worked at the US Treasury’s Financial Crimes Enforcement Network (FinCEN), where she led cybersecurity, virtual currency, and emerging technology policy efforts as a senior cyber and emerging technology policy officer. Prior to FinCEN, House worked as a presidential management fellow supporting the White House Office of Management and Budget’s Cyber and National Security Unit and the US Senate Committee on Homeland Security and Governmental Affairs on cybersecurity, supply chain risk management, and critical infrastructure protection policy issues. House is a former Army captain who served in chemical defense and military intelligence until November 2014, including a deployment to Kandahar Province, Afghanistan, from 2012 to 2013 in support of Operation Enduring Freedom. She holds a BA in international affairs from the University of Georgia and an MA in security studies from Georgetown University.

Dante Disparte
Circle

Dante is the Chief Strategy Officer and Head of Global Policy for Circle, one of crypto's most important companies and the issuer of stablecoin USDC. He is an entrepreneur, business leader and global risk expert, most recently as founder and Chairman of Risk Cooperative, a strategic risk advisory and insurance brokerage based in Washington, D.C. Dante is also a member of the World Economic Forum’s Digital Currency Governance Consortium, helping drive global standards and regulatory harmonization for digital currencies. Dante served as an appointee on the Federal Emergency Management Agency’s (FEMA) National Advisory Council, the United States’ federal emergency response agency.

Teana Baker-Taylor
Venice.AI

Teana is the Chief Operating Officer of Venice.ai, a private generative AI platform. Venice uniquely offers users uncensored access to open-source Large Language Models and image generation within a privacy preserving technical architecture. She is passionate about the ethical evolution of AI and developing human-centred tools.

Prior to Venice, Teana was Vice President of Policy and Regulatory Strategy, EMEA for Circle, the principal developer of USDC, the second largest stablecoin by market cap. Teana led Circle’s regional government affairs and regulatory strategy, working directly with policymakers on development of regulatory frameworks for digital currencies. Prior to Circle, Teana was the Chief Policy Officer for the Chamber of Digital Commerce, the world’s largest trade association representing the digital asset and blockchain industry, and held leadership roles at Crypto.com and Binance, where she was responsible for U.K. and European operations and go-to-market strategies. Teana was also the Executive Director of Global Digital Finance, and has held senior roles in strategy and communications at Coinfloor, HSBC, Citi, Fiserv and Royal Bank of Scotland and Hilton Hotels.

Teana is a Non-Executive Director of CryptoUK, the trade body representing the Web3 industry to develop balanced and proportionate regulatory policy in the UK.

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