President-elect Donald Trump has nominated Stephen Miran as the chairman of the Council of Economic Advisors. This appointment is significant for the crypto industry as it signals support for pro-innovation policies.
Miran's Appointment and its Expected Impact
Stephen Miran previously served as a senior advisor for economic policy at the United States Treasury Department under the first Trump administration. On a recent episode of *The Bitcoin Layer* podcast, Miran emphasized the importance of financial deregulation for fostering innovation, mentioning cryptocurrency as a key component.
Key Positions in Trump's Second Administration
Trump has also nominated Paul Atkins to replace Gary Gensler as the chairman of the Securities and Exchange Commission (SEC). Atkins, with his experience at the SEC and his knowledge of digital assets, is considered a strong candidate. In addition, David Sacks was appointed as AI and crypto czar, reflecting Trump's pro-crypto stance.
Bitcoin Predictions and Pro-Crypto Policy Impact
Experts predict significant increases in Bitcoin's price due to the pro-crypto policies of the Trump administration. Cathie Wood from Ark Invest predicts Bitcoin will hit $1 million by 2030. Eric Trump believes this will occur due to Bitcoin's limited supply.
Stephen Miran's appointment and other pro-crypto nominations in Trump's second administration have been positively received by the crypto community. This could lead to strengthened pro-innovation policies and significant changes in the digital asset market.
