Regulation
Biden Administration Welcomes Back Carole House to Navigate Crypto Regulation
- Carole House returns as special advisor, potentially steering US crypto regulation toward stability.
- The crypto community anticipates the impact of House’s policies on the valuations of Bitcoin (BTC) and Ripple (XRP).
Reversing the previous CNF update where Ron DeSantis claimed Bitcoin would die if Joe Biden was re-elected, the Biden administration welcomed back Carole House as a key crypto advisor. House announced his return a LinkedIn postsignaling a potential shift in the trajectory of US cryptocurrency regulation.
Carole House, who previously served as Director of Cybersecurity and Secure Digital Innovation at the NSC, is no stranger to the complexities of digital economies. As explained in today’s CNF YouTube video, she now returns to her role as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council, focusing on strengthening cybersecurity and embedding secure digital practices within America’s infrastructure.
During his tenure at the NYDFS and CFTC, House has consistently presented a nuanced perspective on cryptocurrency, recognizing both its potential and its pitfalls. Advocating for keeping crypto innovation within U.S. borders to ensure strong enforcement and oversight, his contributions significantly shaped the Biden executive order on cryptocurrency.
Despite this, his approaches, particularly his support for sanctions on Bitcoin mining, have sparked debate among industry experts, including Voltage board member Bobby Shell IV.
Nonetheless, the Biden administration continues to actively engage in the cryptocurrency sector, even considering accepting cryptocurrency donations for its outreach initiatives.
Expressing his enthusiasm for his role, House commented:
I am deeply honored, humbled, and excited to return to my role in the Biden Administration, leading critical efforts to develop a secure and trustworthy digital economy.
Can it propel BTC and XRP prices to the new ATH?
Reiterating an update from the CNF on Joe Biden’s plan to issue a game-changing executive order, which could significantly influence the dynamics of the Bitcoin market; The price of Bitcoin saw a notable increase last Thursday, surpassing $27,000. At the time of writing, Bitcoin (BTC) is trading at $61,082.99 and started to increase at 0.13% every hour.
The crypto community is carefully watching whether these regulatory and business developments will boost BTC and XRP to new historic highs.
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