Donald Trump's team is exploring the possibility of creating a dedicated White House role focused on cryptocurrency policy, highlighting the growing influence of digital assets in the new administration.
New White House Appointment
According to sources, Trump's team is vetting candidates for this potential position, which would be the first of its kind, aiming to underscore the increasing significance of digital currencies in White House policy.
Supporting the Crypto Industry
On the campaign trail, Trump strongly supported the crypto sector, promising to replace current SEC Chair Gary Gensler and reduce regulation. He also proposed the establishment of a new presidential advisory council for cryptocurrency.
Discussions with Industry Leaders
Over the summer, Trump held several meetings with Bitcoin companies and crypto exchanges. His team conducts interviews and meetings at Trump's private club, Mar-a-Lago, with notable figures like former Coinbase and Binance.US executive Brian Brooks.
The creation of a dedicated White House crypto role could significantly enhance coordination between Congress, the administration, and key financial agencies like the SEC and CFTC.
