Regulation
Is Biden Softening His Stance on Crypto? The Pro-Crypto Crypto Advisor is back!
In a surprising move, the Biden administration has reinstated Carole House as special advisor for cybersecurity and critical infrastructure policy, suggesting a potential shift in its cryptocurrency strategy.
Don’t miss this. Keep reading for all the details.
Meet the architect of Biden’s crypto framework
House Carole played a key role in crafting President Biden’s executive order on digital assets. She served as Director of Cybersecurity and Secure Digital Innovation at the National Security Council from April 2021 to June 2022. During this period, she played a crucial role in drafting the 2022 decree establishing a regulatory framework for cryptocurrencies.
On June 24, 2024, House announced on LinkedIn her return to government service as a special advisor to the White House National Security Council. His return suggests that the Biden administration may take a more proactive and less confrontational approach to crypto regulation.
This development is particularly significant as the 2024 presidential election approaches.
Crypto Takes Center Stage in 2024 US Elections
As the 2024 election Cryptocurrency is becoming a hot topic in politics. President Joe Biden is scheduled to debate Republican candidate and former President Donald Trump on June 27. Although it is unclear whether cryptocurrency is a major topic, its growing importance is clear. Trump, facing legal challenges, accepted cryptocurrency donations and promised to support the cryptocurrency industry if re-elected.
His campaign enjoys strong support from crypto leaders like the Winklevoss twins, despite the return of a Bitcoin at $2 million donation due to legal limits.
The return of Carole House could signal a crucial shift in US crypto policy. With its expertise and the growing importance of digital assets in the political landscape, the administration’s stance on cryptocurrency could become more engaged and supportive as the election season heats up.
Read also: Here’s why Ethereum might be the better buy instead of Bitcoin
With Carole House returning to the game, the countdown to a crypto revolution has officially begun.
Vignesh SG
Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a sub-editor for a leading business magazine, published in Kerala. His interest in futuristic technologies led him to join a US-based software company specializing in Web3, Blockchain and AI. This stint inspired him to consider the future of journalism through the lens of next-generation technologies. Today, he covers the crypto scene for Coinpedia, discovering a dynamic new world where technology and journalism converge.