Carole House, a key figure in advising and co-authoring President Joe Biden 2022 executive order on crypto and digital assets, has rejoined the administration. She will serve as a special adviser on the White House’s National Security Council, focusing on critical infrastructure policy and cybersecurity. Her return coincides with Biden’s increased engagement with the digital assets sector, contrasting with former President Donald Trump’s vocal support for the industry.

Joe Biden Administration Enhances Crypto Regulatory Focus

House’s return to the White House marks a significant development in the administration’s digital assets and cybersecurity approach. Previously, House held several key roles in the federal government, including positions at the Commodities and Futures Trading Commission and the National Security Council. Most recently, she was an executive in residence at Terranet Ventures, a venture firm focused on crypto.

Her new role involves shaping policies critical to the security of digital economies. Dave Grimaldi, an executive vice president at the Blockchain Association, praised her pragmatic approach, emphasizing that her expertise will benefit the Joe Biden administration. During the 2024 Consensus industry conference, House highlighted the international crypto adoption for economic reasons but stressed the need for increased enforcement.

Joe Biden’s administration is signaling a more open stance towards the digital assets industry. This shift contrasts with Trump’s enthusiastic embrace of crypto. Recently, Donald Trump has incorporated crypto into his campaign strategy, accepting donations in digital currencies and engaging with Bitcoin miners. In response, Joe Biden’s administration has shown flexibility on key issues such as spot Ethereum exchange-traded funds and has increased participation in crypto industry meetings.

House’s return is part of a broader strategy to enhance regulatory frameworks while fostering innovation within the crypto sector. Her background and previous work on the 2022 executive order indicate a balanced approach, aiming to secure digital economies without stifling growth. The administration’s willingness to adapt its policies reflects a recognition of the growing importance of digital assets in the global economy.

Also Read: Here’s How Much Donald Trump Has Raised In Crypto Donations

White House Focuses on Crypto Market Integrity

The return of a seasoned expert like House is expected to impact crypto regulation substantially. Her emphasis on enforcement suggests a potential tightening of regulatory measures. However, her public and private experience could help create a regulatory environment that encourages innovation while ensuring security and compliance.

House’s influence will likely extend to various aspects of crypto regulation, including market integrity, consumer protection, and anti-money laundering measures. Her balanced perspective could help navigate the complexities of regulating a rapidly evolving industry. This approach aims to build a secure and trustworthy digital economy, addressing the opportunities and risks associated with digital assets.

Also Read: Jump Crypto President Kanav Kariya Steps Down, Plans Break

The post Will Carole House’s Return to Joe Biden Admin Boost Crypto Regulation? appeared first on CoinGape.

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Filed under: News - @ June 24, 2024 7:08 pm