- Carole House returns as Special Advisor, potentially steering U.S. crypto regulation towards stability.
- The crypto community anticipates the impact of House’s policies on Bitcoin (BTC) and Ripple (XRP) valuations.
Reversing from the previous CNF update where Ron DeSantis claimed that Bitcoin Will Die if Joe Biden is Reelected, the Biden administration has welcomed back Carole House as a pivotal crypto adviser. House announced her return through a LinkedIn post, signaling a potential shift in the trajectory of U.S. cryptocurrency regulation.
Carole House, having previously served as the NSC’s Director of Cybersecurity and Secure Digital Innovation, is no stranger to the complexities of digital economies. As explained in today’s CNF YouTube video, she now resumes her role as the Special Advisor for Cybersecurity and Critical Infrastructure Policy at the White House National Security Council, focusing on fortifying cybersecurity and integrating secure digital practices within the U.S. infrastructure.
During her tenure at the NYDFS and CFTC, House has consistently presented a nuanced perspective on cryptocurrency, recognizing both its potential and pitfalls. Advocating for keeping crypto innovation within U.S. borders to ensure stringent enforcement and oversight, her contributions have significantly shaped the Biden Executive Order on cryptocurrency.
Despite this, her approaches, especially her support for sanctions on Bitcoin mining, have sparked debate among industry experts, including Voltage board member Bobby Shell IV.
Nevertheless, the Biden administration continues to engage actively with the cryptocurrency sector, even considering accepting crypto donations for its outreach initiatives.
Expressing her enthusiasm about her role, House commented,
I am deeply honored, humbled, and excited to resume my duties in the Biden Administration, leading efforts crucial for developing a secure and trustworthy digital economy.
Can it Propel BTC and XRP Price to New ATH?
Reiterating a CNF update on Joe Biden’s plan to issue a game-changing executive order, which could significantly influence Bitcoin’s market dynamics; Bitcoin experienced a notable increase in price last Thursday, shooting past $27,000. At the time of writing, Bitcoin (BTC) trades at $61,082.99 and has started to increase at 0.13% hourly.
The crypto community is keenly watching to see if these regulatory and market developments will drive BTC and XRP to new all-time highs.
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