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Biden Administration Reinstates Carole House as Crypto Policy Adviser

The White House has opted to reappoint cybersecurity expert Carole House, underscoring the Biden Administration’s heightened attention to crypto policy. Previously instrumental in advising President Joe Biden on his 2022 executive order concerning cryptocurrencies, House announced her return to government in a LinkedIn post on June 24, expressing deep honor, humility, and enthusiasm for her role within the Biden Administration. She assumes the position of Special Advisor for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council.

House previously served under Biden as Director of Digital Innovation on the National Security Council from 2021 to 2022. She also contributed to the Virtual Currency Advisory Board at the New York State Department of Financial Services. In addition, House sits on the advisory board of The Digital Dollar Project, a nonprofit focused on preparing the US economy for a central bank digital currency (CBDC). Recognized for her crypto-friendly stance, House’s return to the White House indicates a renewed commitment to shaping crypto regulations.

Carole House Criticizes Biden Admin Over Crypto Policy Delays

House expressed recent concerns about the Biden administration’s delayed initiatives to establish a regulatory framework for US cryptocurrency firms. Speaking on a Web3 Working Group podcast, she highlighted the lack of clear guidelines for registration in this sector as a significant challenge.

Her appointment aligns with heightened scrutiny of Biden’s crypto policies, particularly in the lead-up to the 2024 US presidential election. Democratic senators, including senior figures, have voiced dissent against the White House, culminating in a recent resolution criticizing the SEC’s handling of cryptocurrency regulation. Despite this, President Biden vetoed the resolution and reiterated his backing for the SEC’s decisions.

Biden and Trump Clash Over Crypto Support Ahead of Election

Donald Trump, expected to be Biden’s opponent in November, has emphasized cryptocurrency as a potentially divisive issue in the upcoming election. Alongside fellow Republicans, he has made explicit statements endorsing the industry.

In contrast, The Block recently reported that Biden’s campaign is considering accepting cryptocurrency donations. This move is seen as a signal of the administration’s intention to adopt a more supportive stance towards the sector.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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