The Biden administration rehired a former Crypto consultant. What’s the next step?

Source: Blockchain Knight

A post on LinkedIn on June 24 showed that the Biden administration has rehired former Crypto consultant Carole House.

House said: "I am honored to be called back to serve in a critical role that is essential to shaping the future secure and trusted digital economy."

House will serve as a special adviser on cybersecurity and critical infrastructure policy at the White House National Security Council (NSC).

From April 2021 to June 2022, she served as the director of cybersecurity and secure digital innovation at the National Security Council.

In addition, House has served in the New York Department of Financial Services (NYDFS), the U.S. Commodity Futures Trading Commission (CFTC), the Treasury Department, and a number of companies and organizations outside the government.

House has repeatedly expressed different views on Crypto assets.

In an interview with Consensus 2024 on June 4, House asserted that the legal and illegal applications of Crypto assets will grow in tandem.

At the same time, she pointed out: "The growth of good and legitimate use will also bring loopholes and opportunities to illegal actors, who are often distributed, transnational, criminal networks and criminal groups."

"The United States is the most compliant with anti-money laundering regulations among all jurisdictions. I have observed an increase in compliance, which also illustrates the need to address these loopholes."

In March 2023, House said that the United States should keep Crypto asset innovation within its borders for law enforcement and regulatory reasons.

That same month, she said the White House had taken a “balanced approach” during her tenure, despite concerns that regulators would clamp down on Crypto assets in the banking system.

House was also a co-author of Biden’s executive order related to Crypto assets.

There have also been some who have objected to some of her views. For example, House had testified in February that BTC miners should be subject to sanctions at the network layer, including against organizations such as the North Korean-backed Lazarus Group.

Voltage board member Bobby Shell IV spoke out against her stance, saying such a policy is “neither good for our country nor for our strategy.”

The news of House’s hiring comes at the same time as other developments around Crypto assets in the Biden administration.

Recent reports have suggested that the Biden administration is looking to the crypto asset sector for help in outreach efforts and may soon accept crypto asset donations.