Carole House Returns to White House as Crypto Takes Central Stage in Upcoming Elections
Summary:
Carole House, who assisted in crafting President Biden's executive order on digital assets, announced her return to the White House as the special advisor for cybersecurity and critical infrastructure policy. This comes amidst potential campaign contributions from cryptocurrencies in the upcoming election. Biden will soon face Donald Trump, who has gained support from high-profile figures in the crypto industry and has also accepted campaign funds in Bitcoin. House's return is not seen as indicating a change in Biden's crypto position.
Carole House, one of the key figures involved in the crafting of President Joe Biden's executive order concerning digital assets, has announced her return to governmental duties. On June 24, House disclosed via a LinkedIn post that her new role would be as the special adviser for cybersecurity and critical infrastructure policy with the White House National Security Council. Besides this, she continues to serve as an advisor to institutional bodies studying technological innovations including the Digital Dollar Project and the U.S. Commodity Futures Trading Commission.
During her tenure as the National Security Council's director of cybersecurity and secure digital innovation from April 2021 to June 2022, House played a pivotal part in creating an executive order that set out a regulatory structure for cryptocurrencies within the United States. President Biden gave his signature to the order in March 2022; one of his earliest steps linked directly to the regulation of digital assets within the country.
Despite House's return to the White House, there doesn't seem to be a direct correlation with any possible shift in President Biden's stance on cryptocurrencies. After concluding her stint as a member of the virtual currency advisory board for the New York State Department of Financial Services and an executive at Terranet Ventures, House is assuming her role in the Biden administration during an election year. She voiced her concerns about the risk of digital assets for illicit finance in a February House hearing on crime related to digital assets. No response has been received from House when approached for a comment by Cointelegraph.
In the forthcoming election year, on June 27, President Biden will engage in a televised debate with Donald Trump on CNN- their first in four years. Whether the topic of crypto and blockchain would be discussed remains uncertain. Trump has been escalating his discussions on crypto amidst his ongoing legal issues while also accepting campaign donations in digital currencies and promising to mine all Bitcoin in the U.S. if reelected. Speculations are that President Biden might also consider crypto contributions for his reelection campaign.
Several influential figures in the crypto sector, including the co-founders of Gemini, Cameron and Tyler Winklevoss, are backing the Republican candidate's campaign. However, a $2-million Bitcoin donation from the Winklevoss twins was returned after it surpassed the federal law limit. There are indications that crypto voters might influence the 2024 elections progressively.
Published At
6/24/2024 8:51:35 PM
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