Biden Rehires Pro-Crypto Advisor Carole House Ahead of Election

• Carole House is pro-crypto but has called for greater enforcement of the space.
• Joe Biden may lose crypto voters if he fails to deliver pro-crypto policies.
• An estimated 40% of adult Americans own or have owned crypto; this may impact their voting decision.

Pro-crypto advisor Carole House is set to rejoin the Biden administration. House was key in shaping and drafting Biden’s executive order on digital assets in 2022.

For many, her return suggests that the sitting president is eager to form crypto policies ahead of the 2024 U.S. presidential elections.

Biden Turns to Crypto

The Biden administration has reinstated former digital assets adviser Carole House into the government.

She will now serve as Special Advisor for the Cybersecurity and Critical Infrastructure Policy at the White House National Security Council (NSC). As per her LinkedIn post :

“I am deeply honored, humbled, and excited to return to government appointed in the Biden Administration, where I am serving as the Special Advisor for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council.”

From 2021 to 2022 House worked under Biden and Director of Digital Innovation at the NSC. Notably, she was one of the key officials to advise and co-author Biden’s 2022 executive order  on crypto.

She has been critical  of the administration’s sluggish approach to crypto regulations. In tackling money laundering, illicit finance, and other areas of concern, House has said  that “we need more enforcement”.

House was likely brought in to assist the Biden 2024 campaign’s pivot toward crypto. According to her post, she’s looking forward to shaping “[…]secure and trustworthy digital economies”.

House on Crypto

House has seemingly centered her career  around cybersecurity and emerging technologies. Her work would see her hold several federal government positions, and an increasing focus on the security implications of digital assets and decentralized technologies.

Notably, House served as Chair of the Technology Advisory Committee (TAC) within the Commodities Futures Trading Commission (CFTC). In this role, she was co-chair of the digital assets and blockchain subcommittee. House also worked on the development of central bank digital currencies (CBDCs). According to her LinkedIn, she remains an advisory board member of The Digital Dollar Project.

Most recently, she also spent two years working as an executive at crypto venture firm, Terranet Ventures. She also served as a member of the virtual currency advisory board with the New York State Department of Financial Services.

Her emphasis on enforcement may suggest greater regulatory oversight, which may be concerning given the U.S. Securities and Exchange Commission’s (SEC’s) penchant for crypto enforcement actions.

Interestingly, her background in cybersecurity, digital asset innovation, and decentralized technologies, both public and private, may lend themselves to Biden’s bid to adopt pro-crypto policies.

Crypto Voters

Ultimately, the return of Carole House is seen as purely strategic by the Biden team, since crypto voters are most likely to rally behind Trump.

With Trump making multiple Bitcoin and crypto-related pledges along the campaign trail, many are calling for Biden to capture some portion of the crypto vote.

This may be why industry titans such as Pantera Capital have called for crypto voters to take to the pools. Uniswap and others have also urged Biden to establish pro-crypto policies.

Biden and Trump are set to have their first national debate on June 27, 2024.

About the Author

Eddie Mitchell

Eddie has been writing news and content primarily for crypto news and industry players over the past seven years. With an eye for the bigger picture, Eddie prefers to investigate the broader implications of a story, as well as explore the weird and wonderful world of crypto. He believes blockchain has already changed the world, but observes the space overall with a skeptical and adoring eye.

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