Carole House, former director of cybersecurity and secure digital innovation for the White House, said the March executive order took what she called a “balanced” approach to overseeing the crypto industry, but there are still “gaps” that need to be filled.

“White House staff was looking at what every stakeholder was saying, including a lot of people that we disagreed with, or agreed with,” she said.

However, “I think the executive order really pointed to the fact that … there's not a clear picture of exactly all of the different things that need to be put in place to fill some of the existing gaps.” she said.