Trump is Considering New White House Crypto Advisor Position
Trump is vetting candidates for a permanent White House crypto advisor. The role could drive pro-Bitcoin policies and reforms.
President-elect Donald Trump is reportedly considering a permanent new crypto advisor role for the White House. Trump’s team is interviewing candidates but has not disclosed any strong contenders.
The exact duties of this role are also unclear, with rumors claiming Trump’s crypto advisor could oversee policy implementation.
Trump’s Permanent Crypto Advisor
According to Bloomberg reports, President-elect Donald Trump and his team are planning to introduce the first-ever crypto role in the White House. Trump is reportedly holding ongoing discussions with industry leaders to scope out potential candidates. One potential leader could be Brian Brooks, the former Binance.US executive.
“Brian Brooks, former executive at @binance US and @coinbase interviews for White House Crypto Czar role or potential SEC Chair position,” popular music producer and crypto commentaor Martin Folb wrote on X(formerly Twitter).
A full-time industry advocate within the White House could be a powerful ally to positive crypto regulation. On the campaign trail, Trump promised to enact a wide range of reforms to the US’ current crypto policy.
Some highlights include blunting anti-crypto initiatives in the legislature, appointing industry allies as financial regulators, and establishing a Bitcoin Reserve.
During Trump’s campaign, Bitcoin Magazine CEO David Bailey acted as an unofficial crypto advisor, helping draft pro-industry executive orders. Trump spoke at his Nashville conference in July. Since the election, Bailey has called the Bitcoin Reserve “the #1 most urgent and transformative policy” to ensure BTC growth.
However, his current influence level is unknown.
Trump Speaking at Nashville’s Bitcoin Conference. Source:
Bloomberg
Other than Brian Brooks, no other favored candidate or contender’s name has come up till now. The President-elect is interviewing possible candidates at Mar-a-Lago, but his team has not commented on this process.
Unfortunately, many details around this new role remain mysterious, even the most substantial ones. For example, it is unclear whether this advisor will only serve in the White House, or act as a “crypto czar” to directly oversee policy implementation.
Regardless, this new position would help cement a growing tide of industry allies within the Federal government.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin
MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.
Gold loses luster as institutional demand fuels bitcoin price surge, analysts say
Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.
SEC is 'engaging' Solana ETF applicants: report
SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.
Shiba Inu Developer Says SHIB Is No Longer a Memcoin
Trending news
MoreCrypto prices
More
