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WHITE HOUSE: Cryptocurrencies are 'being monitored by our team'

  • The White House is monitoring cryptocurrencies like bitcoin, according to press secretary Sarah Huckabee Sanders.
  • Bitcoin, the red-hot cryptocurrency, is up more than 850% year-to-date.

Press secretary Sarah Huckabee Sanders said the White House is monitoring cryptocurrencies like bitcoin.

“I know this is something that is being monitored by our team here,” Sanders said during a press conference on Thursday, answering a reporter’s question about whether the government would regulate cryptocurrencies.

Sanders said she didn’t have anything specific to share on the matter. Still, it was brought up by an advisor to President Trump recently.

“Tom Bossert, with the Homeland Security team, an advisor to the president, has brought this up in a meeting earlier this week,” she said.”I know this is something he is keeping an eye on.”

Bitcoin, the largest cryptocurrency by market cap, has been on a tear since the US Thanksgiving holiday. The coin is up 850% year-to-date.

This appears to be the first time the White House has commented on the cryptocurrency craze sweeping both Wall Street and Main Street.

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