Current US President Joe Biden Responds to Trump’s Pro-Crypto Moves
US President Joe Biden has taken action in response to the cryptocurrency-friendly stance of his predecessor, Donald Trump.
Carole House, a key official who advised and co-wrote President Biden’s 2022 executive order on cryptocurrencies and digital assets, has rejoined the administration in a significant role. House will serve as a special advisor to the White House’s National Security Council, focusing on critical infrastructure policy and cybersecurity.
House announced his return on LinkedIn, expressing his dedication to the position. “I am honored to be called back to serve on mission-critical groups that will shape the future of secure and safe digital economies,” he wrote.
This move coincides with President Biden’s efforts to bolster his standing in the crypto industry, particularly in light of Trump’s support for digital assets. However, neither House nor the White House has provided details about his specific responsibilities.
Prior to rejoining the White House, House worked as a “guest executive” at Terranet Ventures, a venture firm focused on cryptocurrencies. House’s extensive career includes roles at the U.S. Commodity and Futures Trading Commission, as well as previous assignments at the National Security Council.
Dave Grimaldi, a vice president at the Blockchain Association, praised House’s practical approach. “He is a knowledgeable expert whose pragmatic mindset will greatly benefit the Biden team,” Grimaldi stated.
During the 2024 Consensus industry conference, House highlighted the global adoption of cryptocurrencies for various economic purposes, while also emphasizing the need for increased regulation in the sector.
Please note that this article does not provide investment advice.
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