Biden Administration Reinstates Carole House as Crypto Policy Adviser

The White House has rehired cybersecurity expert Carole House, signaling the Biden Administration’s renewed interest in crypto policy. House played a pivotal role in advising President Joe Biden on his 2022 executive order focused on cryptocurrencies. In a June 24 LinkedIn post, House expressed her deep honor and excitement to return to government service under the Biden Administration. She now serves as the Special Advisor for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council.

Carole House’s Background

House previously served under President Biden from 2021 to 2022 as the Director of Digital Innovation on the National Security Council. She also held a position on the Virtual Currency Advisory Board at the New York State Department of Financial Services. Additionally, House is a member of The Digital Dollar Project’s advisory board, a nonprofit dedicated to enhancing the US economy’s readiness for a central bank digital currency (CBDC).

Crypto-Friendly Voice

Carole House is regarded as a crypto-friendly voice within the Biden administration. Her return to the White House signifies a renewed focus on crafting crypto regulations. Recently, she expressed concern about the administration’s delayed efforts in establishing a regulatory framework for US cryptocurrency firms. The absence of clear guidelines for registration in this sector remains a challenging concern.

Looking Ahead

House’s appointment coincides with increased scrutiny of Biden’s crypto policies leading up to the 2024 US presidential election. Senior Democratic senators have criticized the SEC’s management of cryptocurrency, leading to a recent resolution. President Biden subsequently vetoed the resolution and affirmed his support for the SEC’s decisions.

As the election approaches, the crypto industry’s impact on politics remains a topic of interest. Donald Trump, Biden’s likely opponent in November, has highlighted cryptocurrency as a potential divisive issue. While Republicans have expressed support for the industry, Biden’s campaign is exploring cryptocurrency donations, signaling a more supportive stance toward the sector.