Trump's Crypto Czar vs. Biden's Advisor: A New Chapter in Digital Assets

Former U.S. President Joe Biden's policy lead on crypto, Carole House, has responded to President Trump's new executive order on digital assets. The order, signed on July 23, 2025, revokes Biden's policies and introduces a new approach to the crypto sector.

House, who served as the National Security Council Special Advisor for Cyber and Critical Infrastructure under Biden, shared her reactions to Trump's new executive order. She noted similarities with Biden's first executive order, including the emphasis on promoting technological innovation and competitiveness in digital assets to reinforce the U.S. centrality in the financial system.

However, House also pointed out areas where Trump's digital asset policy fell short. She stated that the new executive order does not address key challenges and opportunities presented by digital assets in critical areas such as national security threats, protecting consumers and investors, or outlining specific steps to support innovation or R&D in digital assets or broader digital payments experimentation.

House emphasized the importance of addressing the very real threats exploiting and misusing digital assets in activities like cybercrime, fraud, and human and narcotics trafficking. She will be watching closely to see how Trump's executive order addresses these issues.

Meanwhile, David Sacks, President Trump's incoming White House 'Crypto Czar', praised Trump's executive order on Fox Business while criticizing the Biden Administration's approach to digital assets. Sacks stated that the Biden administration had prosecuted and persecuted crypto companies, driving them offshore, and failed to provide clear rules of the road for entrepreneurs.

House highlighted the progress made with Biden's executive order on digital assets, such as the creation of R&D priorities and the first-ever national competitiveness framework for digital assets. She emphasized the importance of international cooperation in driving needed evolutions and experimentation in digital finance and assets.

Under Trump's new executive order, a digital assets working group will be chaired by Sacks and includes U.S. agency leaders such as the Secretary of the Treasury, the Attorney General, and the Secretary of Commerce. Stakeholders around the world will be watching closely to see how this Administration will shape the future of digital assets.