The stereotype of cryptocurrency savviness that men held – think “bitcoin bro” – may be legal in Silicon Valley, but it does not seem to be true on the part of the government.
“I see women as the owners of crypto, especially in the public sector in an astonishing way in all spheres of life, whether it is the IRS or all the different parts of the Treasury that are looking at real money because there is so much to look forward to. with different views, ”said Carole House, director of cybersecurity at the National Security Council. “There are always women in the room. It is a phenomenon where I think diversity is commonplace, and that part of the diversity continues to grow and is truly inspiring. ”
House participated in the “women’s crypto” discussion held in the spring by Chainalysis, which aims to help governments and other organizations such as insurance and cybersecurity companies investigate crime and “increase consumer access to cryptocurrency safely.”
In April, the House moved to the White House from the Financial Crimes Enforcement Network of the Treasury Department, or FinCEN, which has played a key role in identifying the department’s historic action entities that authorize real money transactions.
2021 has brought some of the first important things for the government to roam the cryptocurrency space, too. And as the ANC and its leaders roamed about helping new interests in the area to protect them from illegal exploitation, women were emerging in every chain from policy development to law enforcement.
From the cabinet level, Treasury Secretary Janet Yellen will have control over whether the new law requires promoters of real estate transactions to report to the IRS.
Speaking during the Chainalysis event, House said anti-industrial relations would work against the government’s intent to fight illegal activities.
“We appreciate hearing from private companies especially because we see that trading with others in the industry is at the forefront and will be the key to preventing cryptocurrency exploitation by unauthorized people and other bad players. , “he said.
At the Treasury’s Office of External Control, or OFAC, Senior Discipline Policy Adviser Katherine Bradbury spoke on the work being done to flag cryptocurrency transactions that facilitate ransomware payments involving states such as Iran and North Korea so that others in the community can avoid violations.
On the enforcement side, Michele Korver, a digital financial adviser in the Criminal Justice Department, noted the department’s significant victory in restoring most of the Bitcoin Colonial Pipeline paid for ransomware perpetrators.
Also, speaking at a Nextgov event last month, Rita Martin, an agent at the US Secret Service’s Global Investigative Operations Center, pointed out that sanctions actions from the Treasury are a direct result of cross-agency cybersecurity teams on Justice’s joint investigative team.
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All of that well illustrates the extra resources going to work in the digital currency space, according to women.
“We actually recently hired someone else in the digital currency system, which I’m excited about,” Korver said. “We have done a lot of kidnapping and confiscation over the past year and those that will eventually come from the local police who may be working something to pay within the DOJ will support these cases in this very important investigation, and I think there will be enough attention to needed resources.”
In October, lawmakers wrote to Justice, Treasurer and Homeland Security and State Department leaders commenting on their progress in the crypto environment and asking where they could help.
Agencies are already moving forward. In September, the IRS issued a request for proposals for the use of new research on mobile devices in cryptocurrencies that they say may be relevant to the investigation.
OFAC and FinCEN also had the resources available to hire more digital currency brokers this year, Bradbury and House said, with House noting that FinCEN is pursuing authorities that will allow them to hire top talent.