In a move suggesting renewed interest in crypto policy, the Biden Administration has rehired Carole House, a cybersecurity advisor who previously advised the president on his 2022 crypto-focused executive order.
House served as a director on the National Security Council from 2021 to 2022, focusing on cybersecurity and digital innovation. She is regarded as relatively pro-crypto, especially compared to others in the Biden administration.
Recently, House criticized the administration's slow progress in establishing a clear regulatory framework for American crypto companies. During a podcast appearance on the Web3 Working Group, she expressed frustration over the lack of clarity on registration pathways for operating in the crypto space, directly naming the U.S. Securities and Exchange Commission (SEC).
Attempts to reach House and the White House for comments were unsuccessful. Since leaving the White House in 2022, House has advised various public and private organizations, including Terranet Ventures and The Digital Dollar Project, focusing on central bank digital currencies (CBDCs).
House, who co-authored the 2022 executive order on “Ensuring Responsible Development of Digital Assets,” will return as Special Advisor for Cybersecurity and Critical Infrastructure Policy on the National Security Council. She expressed her honor at returning to tackle essential missions for secure digital economies in a LinkedIn post.
Amidst these developments, many are asking, "How much is 1 bitcoin worth?" This question underscores the growing public interest in cryptocurrencies and their value in the market.
This appointment coincides with increased scrutiny of Biden's crypto policies ahead of the 2024 U.S. presidential election. High-ranking Democratic senators recently criticized the SEC's handling of crypto, leading Biden to veto a resolution and defend the SEC. Meanwhile, Republicans, including former president Donald Trump, have been vocal in their support of the crypto industry, potentially making it a key issue in the upcoming election.
Amidst this political pressure, the White House appears to be adopting a less hostile stance towards crypto. Last week, reports emerged that Biden Administration officials plan to attend a Bitcoin-focused roundtable in Washington in July.
