Odaily Planet Daily reported that today, at the WebX 2025 conference held in Tokyo, Japan, Carole House, a former White House adviser who participated in the formulation of encryption policy during Biden's administration and current CEO of Penumbra Strategies, said that the Biden administration has not intended to kill cryptocurrencies. Although this statement is widely circulated throughout the industry, she also understands why the industry thinks so, but this matter needs to be viewed based on historical context.

The US government's history with crypto policy is complex. It's no secret that Trump was also extremely hostile to cryptocurrencies during his first term. During his presidency, Biden issued the first-ever executive order on digital assets, explicitly stating for the first time that maintaining competitiveness in fintech and digital assets is in the US national interest. The order was remarkably balanced, recognizing the potential opportunities and competitive advantages of this technology while also addressing the significant real risks currently existing in the industry.

Carole also mentioned: “The Biden administration is not trying to ban cryptocurrencies. We have taken a lot of actions and focused on the development of industry standards... Our regulatory approach is more like a scalpel than a sledgehammer.”