In a potential sign of the Biden Administration's reintegration into crypto policy, the White House has retained Carole House, a cybersecurity consultant with a history of digital innovation and a fairly pro-crypto stance death.
House has advised President Biden on cybersecurity and digital innovation, including his 2022 cryptocurrency-focused executive order. She has criticized the administration's slow regulatory progress in the sector. The crypto sector, especially in terms of clarity for US crypto companies, pointed to the US Securities and Exchange Commission (SEC):
“One aspect that I find extremely frustrating is the lack of clarity around the path to registration or successful operations in this space.”
House will now serve as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the National Security Council (NSC):
“I am honored to be invited back to serve on the critically important missions needed to shape the future of secure and trusted digital economies.”
The Biden Administration's attitude towards cryptocurrencies has changed a lot, especially in light of the upcoming 2024 US presidential election. With pressure from both sides, including criticism and support for the industry, the administration appears to be recalibrating its approach.
Recently, it was reported that Biden administration officials plan to attend a Bitcoin-focused meeting in Washington, scheduled for July, indicating a willingness to interact directly with stakeholders in the cryptocurrency industry.
Overall, these developments suggest there could be a potential shift towards a more sophisticated and perhaps more aggressive approach to cryptocurrency regulation under the Biden administration, largely influenced by election regulatory factors and continued industry developments.
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