Trump Wants to Appoint Crypto Policy Official
President-elect Donald Trump is looking for a White House crypto policymaker.
According to Bloomberg, President-elect Donald Trump has begun the process of filling a new position in the White House dedicated to crypto policymaking.
If true, it would be the first time a US president has appointed a dedicated crypto advisor, marking another important development for the crypto industry.
Donald Trump’s team is holding discussions with the digital asset industry about whether to create a new White House post solely dedicated to cryptocurrency policy, sources say https://t.co/Mp8Rk8QRnn
— Bloomberg Crypto (@crypto) November 20, 2024
However, it is still unclear how much of an impact the new position will have on crypto regulatory progress in the US. Bloomberg sources revealed that the new position could be an intermediary between the White House and the US Congress and relevant regulatory agencies such as the SEC and CFTC.
As reported, Donald Trump has been carefully preparing to take over the US in January 2025, continuously appointing positions in the new administration. The new US President used crypto as one of the focuses to attract voters during his election campaign, with many commitments such as firing SEC Chairman Gary Gensler, establishing a national Bitcoin reserve fund and turning the US into the crypto capital of the world. Mr. Trump mentioned the formation of a cryptocurrency advisory board for the White House.
The US media has also listed crypto-friendly candidates who could have positions in Mr. Trump's new administration, especially becoming the new Chairman of the US Securities and Exchange Commission (SEC).
Trump is also said to have met with several prominent figures in the US crypto industry, including Coinbase CEO Brian Armstrong, former Binance.US CEO and Comptroller of the Currency Brian Brooks, Ripple CEO Brad Garlinghouse and Cardano founder Charles Hoskinson.
The US currently lacks a formal regulatory framework for cryptocurrencies, with bills to regulate crypto and stablecoins stalling in Congress for years. However, this could soon change under the new Trump administration, now that both the Senate and House of Representatives are in Republican hands.
