Carole House, a prominent figure in advising and co-authoring President Joe Biden’s 2022 executive order on crypto and digital assets, has returned to the administration as a special adviser on the White House’s National Security Council. Her focus will be on critical infrastructure policy and cybersecurity, reflecting Biden’s increased engagement with the digital assets sector. This marks a significant shift from former President Donald Trump’s vocal support for the industry.
House’s background includes key roles in the federal government, such as positions at the Commodities and Futures Trading Commission and the National Security Council. Previously, she was an executive in residence at Terranet Ventures, a venture firm focused on crypto. Her return signals a strategic move by the Biden administration to enhance regulatory frameworks and foster innovation within the crypto sector.
During the 2024 Consensus industry conference, House emphasized international crypto adoption for economic reasons but highlighted the need for increased enforcement. This balanced approach aligns with the administration’s goal of securing digital economies without stifling growth. Biden’s administration has also shown flexibility on key issues like spot Ethereum exchange-traded funds and increased participation in crypto industry meetings, indicating a more open stance towards the industry compared to the previous administration.
The return of House is expected to have a substantial impact on crypto regulation, with a focus on market integrity and enforcement. Her experience and expertise could help create a regulatory environment that encourages innovation while ensuring security and compliance. House’s influence is likely to extend to various aspects of crypto regulation, including consumer protection and anti-money laundering measures. Her balanced perspective aims to navigate the complexities of regulating a rapidly evolving industry, building a secure and trustworthy digital economy that addresses both opportunities and risks associated with digital assets.
The White House’s focus on crypto market integrity, as evidenced by the appointment of House, reflects a commitment to enhancing regulatory measures while fostering innovation within the industry. Biden’s administration has shown a willingness to adapt its policies in recognition of the growing importance of digital assets in the global economy. This approach aims to create a regulatory environment that encourages innovation and growth while maintaining security and compliance. House’s emphasis on enforcement suggests a potential tightening of regulatory measures, but her expertise could help strike a balance between regulation and innovation within the crypto sector.
Overall, Carole House’s return to the Biden administration as a special adviser on critical infrastructure policy and cybersecurity signals a significant shift in the administration’s approach to digital assets and cybersecurity. Her background in key federal government roles and experience in the crypto sector positions her well to impact crypto regulation substantially while fostering innovation within the industry. With a focus on market integrity and a balanced perspective on regulation, House’s influence is expected to shape policies critical to the security of digital economies, creating a more secure and trustworthy digital economy that addresses the opportunities and risks associated with digital assets.
