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Biden's Communications Chief Banned from Access to Ex-Cryptocurrency Clients

By Barry Stidham
Apr 25, 2023
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US President Joe Biden will reportedly ban his communications chief from dealing with any encryption or technology companies he has previously worked with, while still allowing him to advise on encryption regulation.

According to an April 21 report by Bloomberg Law, White House communications director Ben LaBolt will be barred from “participating in legal matters, investigations, or contracts involving cryptocurrency or technology companies he previously represented.” According to a public financial statement l 21 , decentralized exchange Uniswap and venture capital firm Andressen Horowitz an early investor in Coinbase are both former clients of Bully Pulpit Interactive (BPI), of which LaBolt was previously a member. one's business Partner.

Both firms are on a list of 23 clients who pay BPI more than $5,000 a year in fees. Meta Platforms, Shopify and West Street the family office of Meta CEO Mark Zuckerburg and his wife, Priscilla Chan were also among the 23 firms with annual revenues of more than $5,000. USD client list.

Meanwhile, in the Assets and Income section, LaBolt revealed he holds between $50,001 and $100,000 in Bitcoin, $15,001 to $50,000 in Ethereum 2 (ETH2).

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