Chief author behind President Biden’s crypto EO rejoins administration

Turner Wright6 hours agoChief author behind President Biden’s crypto EO rejoins administrationCarole House left her position as a crypto adviser at the New York State Department of Financial Services to rejoin the White House in an election year.8395 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksCarole House, one of the authors behind U.S. President Joe Biden’s executive order on digital assets, announced that she will return to government work.

In a June 24 LinkedIn post, House said she will serve as the White House National Security Council’s special adviser for cybersecurity and critical infrastructure policy. She is still listed as an adviser for regulatory and university groups studying emerging technology, including the Digital Dollar Project and the U.S. Commodity Futures Trading Commission.Source: LinkedIn

While serving as the National Security Council’s director of cybersecurity and secure digital innovation from April 2021 to June 2022, House helped draft an executive order to establish a regulatory framework for cryptocurrencies in the United States. President Biden signed the order in March 2022 — one of his first actions directly related to digital asset regulation in the country.

Related:Is Biden shifting strategy on digital assets ahead of Trump debate?

House’s return to the White House did not appear directly related to any potential shift in President Biden’s position on cryptocurrencies. She left her position 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 in an election year.

The Biden adviser testified in a February House hearing discussing crime involving digital assets, saying that “cryptocurrency remains a serious risk for illicit finance.” Cointelegraph reached out to House for comment but did not receive a response at the time of publication.Crypto in an election year

On June 27, President Biden will face off against Donald Trump for the first time in four years in a CNN televised debate. It’s unclear if the two presidential candidates will discuss crypto and blockchain.

Trump has been increasing his rhetoric on crypto amid his criminal and civil legal troubles. He has been accepting campaign donations in digital assets and vowing to mine all Bitcoin (BTC) in the U.S. if reelected. Reports have suggested President Biden may also explore crypto contributions to his reelection campaign.

The Republican candidate"s campaign has the support of many high-profile figures in the crypto industry, including Gemini co-founders Cameron and Tyler Winklevoss. The campaign reportedly returned a $2-million Bitcoin donation from the twins after it exceeded the limit under federal law.

Magazine:Crypto voters are already disrupting the 2024 election — and it’s set to continue# Cryptocurrencies# Law# Politics# Elections# Regulation# Joe BidenAdd reaction