Regulation
Is Biden toning down his stance on cryptocurrencies? Crypto Advisor Pro-Crypto is back!
In a surprising move, the Biden administration has reinstated Carole House as special advisor for cybersecurity and critical infrastructure policy, hinting at a potential shift in its cryptocurrency strategy.
Don’t miss this. Read on for all the information.
Meet the architect of Biden’s crypto framework
Carole House played a key role in shaping President Biden’s executive order on digital assets. She served as the National Security Council’s Director of Cybersecurity and Secure Digital Innovation from April 2021 to June 2022. During this time, she was instrumental in drafting the 2022 Executive Order that established a regulatory framework for cryptocurrencies.
On June 24, 2024, House announced on LinkedIn that he was returning to government service as a special adviser to the White House National Security Council. His return suggests that the Biden administration may take a more proactive and less adversarial approach to cryptocurrency regulation.
This development is especially significant as the 2024 presidential election approaches.
Cryptocurrencies are taking center stage in the 2024 US elections
As the 2024 elections is approaching, cryptocurrency is becoming a hot topic in politics. President Joe Biden will debate with Republican nominee and former President Donald Trump on June 27. While it is unclear whether cryptocurrencies will become a mainstream issue, their growing importance is clear. Trump, facing legal challenges, has accepted cryptocurrency donations and vows to support the cryptocurrency industry if re-elected.
His campaign enjoys strong support from crypto industry leaders like the Winklevoss twins, despite having to return a $2 Million Bitcoin donation within legal limits.
Carole House’s return could signal a fundamental shift in US crypto policy. With her experience and the growing importance of digital assets in the political landscape, the administration’s stance on cryptocurrency could become more engaged and supportive as election season heats up.
Read also: Here’s why Ethereum could be the best buy instead of Bitcoin
With Carole House back in 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 deputy editor for a leading economics magazine, published from Kerala. His interest in futuristic technologies led him to a US software company specializing in Web3, Blockchain and AI. This period inspired him to see the future of journalism through the lens of next-generation technologies. Now, he covers the cryptocurrency scene for Coinpedia, discovering a vibrant new world where technology and journalism converge.