Reengaging with Crypto: White House Rehires Cryptocurrency Advisor
In a potential sign of the Biden Administration’s reengagement with crypto policy, the White House has rehired Carole House, a cybersecurity advisor who advised the president on his 2022 crypto-focused executive order.
House previously advised President Joe Biden from 2021 to 2022 as a director on the National Security Council focused on cybersecurity and digital innovation. She is considered to be relatively pro-crypto—at least compared with other voices in the Biden camp.
Just weeks ago, for example, House appeared to criticize the Biden Administration’s slow-moving progress on creating a clear regulatory framework for American crypto companies.
Biden Administration’s Crypto Policies Under Scrutiny
- House criticized the lack of clarity in regulatory framework for crypto companies
- House is relatively pro-crypto compared to other Biden camp voices
- House previously advised on cybersecurity and digital innovation
House’s Return to White House
Since leaving the White House in 2022, House has advised several public and private organizations, including Terranet Ventures and The Digital Dollar Project. Today, the veteran policymaker announced that she will return to a new role on the National Security Council as Special Advisor for Cybersecurity and Critical Infrastructure Policy.
House, who co-authored the White House’s executive order on “Ensuring Responsible Development of Digital Assets”, expressed her honor in returning to the critical mission sets shaping the future of secure and trustworthy digital economies.
Increased Scrutiny on Biden’s Crypto Policies
- High-ranking Democratic senators rebuked SEC’s handling of crypto
- Republicans, including Trump, have supported the crypto industry
- White House planning to attend Bitcoin-focused roundtable in July
Hot Take: White House Shifts to Embrace Crypto Ahead of 2024 Election
The White House’s decision to rehire Carole House signals a reengagement with crypto policy and a shift towards a more supportive stance on cryptocurrencies. This move comes at a critical time as the Biden Administration faces increased scrutiny over its crypto policies leading up to the 2024 U.S. presidential election.
With key Democratic senators openly criticizing the SEC’s handling of crypto and Republicans, including former President Donald Trump, voicing support for the industry, the White House is adapting to changing attitudes towards cryptocurrencies. The upcoming Bitcoin-focused roundtable in July signifies a potential shift towards a more favorable crypto stance within the Biden Administration.
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