Regulation
Biden Administration Welcomes Carole House to Address Cryptocurrency Regulation
- Carole House returns as special advisor, potentially steering US crypto regulation towards stability.
- The crypto community predicts the impact of House’s policies on the valuations of Bitcoin (BTC) and Ripple (XRP).
Reversal compared to the previous CNF update where Ron DeSantis said that Bitcoin will die if Joe Biden is re-elected, the Biden administration welcomed back Carole House as a key crypto advisor. House announced his return a post on LinkedInsignaling a potential shift in the trajectory of US cryptocurrency regulation.
Carole House, having previously served as the NSC’s Director of Cybersecurity and Secure Digital Innovation, is no stranger to the complexities of digital economies. As explained in today’s CNF YouTube video, he now resumes his role as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council, focusing on strengthening cybersecurity and integrating practices secure digital data within US infrastructure.
During his tenure at the NYDFS and the CFTC, House consistently presented a nuanced perspective on cryptocurrency, recognizing both its potential and pitfalls. Advocating for keeping crypto innovation within US borders to ensure rigorous enforcement and oversight, his contributions significantly shaped Biden’s 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.
However, the Biden administration continues to actively engage with the cryptocurrency industry, including considering accepting cryptocurrency donations for its outreach efforts.
Expressing his enthusiasm for his role, House commented,
I am deeply honored, excited, and thrilled to resume my duties in the Biden Administration, leading critical efforts to develop a secure and reliable digital economy.
Can it push the price of BTC and XRP towards a new ATH?
Reiterating an update from the CNF on the matter Joe Biden’s plan to issue a game-changing executive order, which could significantly influence the dynamics of the Bitcoin market; Last Thursday, Bitcoin recorded a notable price increase, exceeding $27,000. At the time of writing, Bitcoin (BTC) is trading at $61,082.99 and started to increase to 0.13% hourly.
The crypto community is watching closely to see if these regulatory and market developments will push BTC and XRP to new all-time highs.
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