Keeping the US Dollar on Top as Cryptocurrency RisesCSN's Nichole Dennis Offers Advice to Government on Handling Cryptocurrency Fraud
While overregulating the cryptocurrency space is not advisable, it is important for the Biden administration to look into the areas in which cryptocurrencies pose the greatest risks, says Nichole Dennis, director and government relations specialist with Cybercrime Support Network, or CSN.
"The United States should lay the groundwork for either launching a digital dollar or passing a few of the private sector solutions to ensure the dollar stays on the top of the game and we don’t fall behind," Dennis says. "This kind of two-track approach will balance between the extremes of getting digital currencies all together as well as allowing the market to operate unhindered."
In a video interview with Information Security Media Group, Dennis also discusses:
- Her latest research work around cryptocurrencies;
- How best to handle "rug pull" scams;
- What stand the government must take on cryptocurrency.
Dennis is the program director and government relations specialist for the Cybercrime Support Network, where she is developing a Crypto Scam Awareness campaign. Prior to CSN, Dennis worked in the technology field, where she developed her passion for educating individuals and small businesses about cybersecurity.