According to a Bloomberg report, President-elect Donald Trump’s transition team is considering the creation of a new White House position dedicated solely to crypto policy.
This development coincides with growing speculation about the inclusion of pro-crypto leaders in key positions within the new administration, as Trump’s advocacy for digital assets was evident during his presidential campaign.
Trump’s plan to reform crypto policy
According to the reportSources familiar with the transition efforts indicate that Trump’s team is actively exploring candidates for this unprecedented role, which would mark the first time a position focused solely on crypto has been created in the White House.
However, Bloomberg notes that the exact nature of the position, whether it will be a senior staff role or a “crypto czar” overseeing federal policy and regulations, remains uncertain.
Industry advocates are pushing for the new role to maintain a direct line of communication with Trump, emphasizing the importance of a strong voice in government to represent digital asset interests.
During his campaign, Trump was actively involved in the crypto community and promised to do so a more favorable position towards the industry, which could lead to further adoption and adoption of new investment vehicles beyond Bitcoin and Ethereum.
The president-elect has also expressed his intention to fire the current chairman of the Securities and Exchange Commission (SEC). Gary Genslerwhich has a track record of regulation through enforcement, and to establish a new Presidential Advisory Council focused on digital assets.
Interestingly, Bloomberg revealed on Wednesday that industry representatives, whose names were not disclosed, are currently positioning themselves for possible roles on this council.
Meetings with industry leaders
Discussions about the proposed crypto role have included consideration of appointing an individual to lead a small staff that would serve as a link between Congress, the White House and the United States. regulatory authorities such as the SEC and the Commodity Futures Trading Commission (CFTC).
This position would reportedly play a crucial role in shaping cryptocurrency policy and promoting communication between various government agencies. Yet there has been no further information on the matter or official statements from the transition team of the 47th President of the United States.
Trump’s involvement in the digital asset sector has included multiple meetings with executives from Bitcoin mining companies and cryptocurrency exchangesas well as a speech at the National Bitcoin Conference in July.
Bloomberg also revealed that crypto allies have visited Trump’s Mar-a-Lago resort in recent days, where transition team members are holding interviews and staff discussions.
Among those who reportedly met with Trump was Brian Brooks, a former executive at Coinbase and Binance.US who is also being considered for the position of chairman of the SEC.
Additionally, Bitcoinist reported that Coinbase CEO Brian Armstrong spoke with Trump this week, underscoring the administration’s outreach to leading figures in the digital asset market.
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