In a potential sign of the Biden Administration reintegrating into cryptocurrency policy, the White House has rent Carole House, a cybersecurity consultant with a history of digital innovation and a fairly pro-crypto stance.
House has advised President Biden on cybersecurity and digital innovation, including his 2022 cryptocurrency-focused executive order. criticize The authorities’ slow regulatory progress in the cryptocurrency sector, especially in terms of clarity for US crypto companies, points to the US Securities and Exchange Commission (SEC):
“I am honored to be invited back to serve the critically important tasks needed to shape the future of secure and trusted digital economies.”
The Biden Administration’s attitude towards cryptocurrencies has changed a lot, especially in the context of the upcoming 2024 US presidential election. With pressure from both sides, including criticism and support for the industry, the administration appears to be recalibrating its approach.
Recently, it was reported that Biden administration officials plan to attend a Bitcoin-focused meeting in Washington, scheduled for July, indicating a willingness to interact directly with stakeholders in the cryptocurrency industry.
Overall, these developments suggest there could be a potential shift towards a more sophisticated and perhaps more aggressive approach to cryptocurrency regulation under the Biden administration, largely influenced by election regulatory factors and continued industry developments.
Annie
According to Decrypt
