The White House Vs. Crypto

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The Economic Report of the President is an annual report issued by the White House that details the economic policies of the current administration. Despite the name, the report is not written by the President. Instead, it's written by the Chair of the Council of Economic Advisors. Currently, that's Cecelia Elena Rouse, who was appointed by Biden with the approval of the Senate.

The purpose of the Council of Economic Advisers is to provide the President objective economic advice on the formulation of domestic and international economic policy. The Council is primarily a research organization, performing analysis of current economic research and empirical evidence to provide the President with policy recommendations. It's tasked with using the best data available to support the President in setting the nation's economic policy.

The latest Economic Report of the President was released on March 20, 2023. It received quite a bit of backlash from the crypto community due to its scathing treatment of digital assets. Here's what it said.

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