Terranet Ventures Executive Carole House: Crypto Innovation Should Stay In The US

Carole House is an executive in residence at Terranet Ventures, a venture capital firm providing financing and services to businesses engaged in cybersecurity, blockchain, digital currencies, insurtech, virtual reality and similar Web 3-related technologies.

House will be among the digital asset experts partaking in one of Benzinga's pivotal events: Future of Digital Assets conference on Nov. 14 in New York City.

She will speak on the topic of "Digital Asset Security: Navigating the Institutional Landscape."

Institutional adaptation is one of the key hurdles in digital asset space growth, and House is uniquely positioned to offer valuable viewpoints.

She serves as the chair of the Technology Advisory Committee (TAC) to the Commodity Futures Trading Commission (CFTC) and as an advisory board member for Third Way's U.S.-China Digital World Order initiative.

During her public sector career, she served at the White House National Security Council (NSC) as the director for Cybersecurity and Secure Digital Innovation and at the U.S Treasury's Financial Crimes Enforcement Network (FinCEN) as a senior officer.

House is also a former Army captain who served in chemical defense and military intelligence until November 2014, including a deployment to Kandahar Province, Afghanistan, from 2012 to 2013 in support of Operation Enduring Freedom. She's an alumnus of the University of Georgia and Georgetown University.

Building Better American Crypto

House was important in drafting President Joe Biden's executive order regarding crypto regulation in March 2022.

"It outlined six key policy objectives that the president pointed to as key priorities for the administration and the government to be focusing on, and then some concrete steps and actions for the government to take a look at, and further examine some of the specific risks and measures that needed to be put in place," House stated for CoinDesk.

Also Read: Analyst Warns Of Crypto Market Turbulence: Could Bitcoin Value See 20% Drop?

Yet, 20 months later, this regulation’s progress has been slow. Regulators sometimes tend to undershoot and then overshoot and some digital assets investors fear that regulatory practices could push the best crypto startups outside of the U.S.

"It is important that crypto and financial innovation stays under the guidance of U.S. regulators," House said, elaborating it is critical to enforce against poor actors but also provide clear paths to encourage domestic innovation.

As a chairwoman of CFTC's Technology Advisory Committee, House is keen on finding the risk spots of developing technologies.  Still, despite being a regulatory advocate, she believes proper regulation should drive advancement.

"There has to be an understanding that it's a bell curve that regulation does produce confidence in the market and the kinds of conditions that will enable wider adaptation. So I think to a certain extent that the regulators are actually trying to save the sector, more than trying to crush it — at least more than they're given credit for," House stated for Stellar Development Foundation, clarifying technology deserves its time for development.

Want to gain valuable insights from the pioneers of digital assets who are creating the most exciting tokens in DeFi and NFTs? Don't miss the opportunity to connect with founders, investors, and industry experts on Nov. 14 in New York City at Benzinga's Future of Digital Assets conference.