Crypto News- Lead author of President Biden’s crypto executive order returns to administration
Crypto News– Carole House, one of the authors of U.S. President Joe Biden’s executive order on digital assets, announced her return to government service. In a LinkedIn post on June 24, House revealed that she will take on the role of Special Adviser for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council.
Despite her new role, House remains involved as an advisor for regulatory and university organizations focused on emerging technologies, 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, Carole House played a key role in drafting an executive order aimed at establishing a regulatory framework for cryptocurrencies in the United States. President Biden signed the order in March 2022, marking one of his initial steps toward digital asset regulation in the country.
Principal architect of President Biden’s crypto executive order rejoins the administration
Carole House’s return to the White House does not seem to be directly linked to any change in President Biden’s stance on cryptocurrencies. She departed from her roles as a virtual currency advisory board member at the New York State Department of Financial Services and as an executive in residence at Terranet Ventures to rejoin the Biden administration during an election year.
Earlier, House testified in a February House hearing focused on crimes involving digital assets, emphasizing that cryptocurrency remains a significant risk for illicit finance. Cointelegraph sought House for comment but did not receive a response by the time of publication.
Cryptocurrencies during an election cycle
On June 27, President Biden and Donald Trump will meet for their first televised debate in four years on CNN. It remains uncertain whether the two presidential candidates will delve into discussions regarding cryptocurrencies and blockchain technology.
Trump has amplified his commentary on crypto amidst ongoing legal challenges. He has started accepting campaign donations in digital assets and has pledged to support domestic Bitcoin mining if reelected.
Reports have indicated that President Biden’s reelection campaign may also explore accepting contributions in cryptocurrencies. Meanwhile, the Republican candidate’s campaign has garnered support from prominent figures in the crypto industry, such as Gemini co-founders Cameron and Tyler Winklevoss. Notably, the campaign returned a $2 million Bitcoin donation from the Winklevoss twins, as it exceeded the federal legal limit.
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