On March 19, Biden called on a series of government agencies to work together to study the responsible development of digital assets in an executive order on crypto issued last week. Brian Deese, director of the Economic Council (NEC), a former senior economic adviser to the Obama administration and director of sustainable investing at BlackRock.
In a joint statement, Sullivan and Brian Diess said: “We are well aware that past financial innovations have often failed to benefit working families, while exacerbating inequality and increasing systemic financial risk, so there is a need for digital assets. During development, it is necessary to establish strong consumer and economic protections.
John Collins, a partner at consulting firm FS Vectors and former head of policy at Coinbase, called Sullivan and Diess very smart and respected, and their responsibility to enforce the Biden crypto executive order is a good indication of the head of the U.S. government role assumed.
