Biden Administration Reinstates Carole House as Crypto Policy Adviser

2024-06-24 20:47:53

Shalini Nagarajan

Last updated:

June 25, 2024 00:47 EDT | 1 min read

The White House has decided to rehire cybersecurity expert Carole House, signaling the Biden Administration’s renewed interest in crypto policy. House earlier played a pivotal role in advising Joe Biden on his 2022 utive order focused on cryptocurrencies.

In a June 24 LinkedIn post, House said she was “deeply honored, humbled, and excited to return to government appointed in the Biden Administration.” She is appointed Special Advisor for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council.

House previously served under Biden from 2021 to 2022 as Director of Digital Innovation on the National Security Council. Additionally, she was a member of the Virtual Currency Advisory Board at the New York State Department of Financial Services.

She also holds a position on The Digital Dollar Project’s advisory board, a nonprofit dedicated to enhancing the US economy’s readiness for a CBDC. House is seen as a crypto-friendly voice within the Biden administration. And her return to the White House signals a renewed focus on crafting crypto regulations.

Carole House Criticizes Biden Admin Over Crypto Policy Delays

House recently appeared concerned about the administration’s delayed efforts in establishing a regulatory framework for US cryptocurrency firms.

Absence of clear guidelines for registration in this sector is a particularly challenging concern, she remarked during a Web3 Working Group podcast.

Her appointment coincides with increased scrutiny of Biden’s crypto policies leading to the 2024 US presidential election. Senior Democratic senators dissenting from the White House led to a recent resolution criticizing the SEC’s management of cryptocurrency. Biden subsequently vetoed the resolution and affirmed his support for the SEC’s decision.

Biden and Trump Clash Over Crypto Support Ahead of Election

Donald Trump, Biden’s likely opponent in November, has highlighted cryptocurrency as a potential divisive issue for the upcoming election. Along with other Republicans, he has made clear statements supporting the industry.

However, The Block reported earlier this month that Biden’s campaign is exploring cryptocurrency donations to signal a more supportive stance toward the sector.

JOE57,43%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.