According to Bloomberg, newly elected President Donald Trump is initiating an unprecedented move in U.S. political history: the establishment of a dedicated cryptocurrency advisor position at the White House.
If realized, this would mark a historic turning point for the cryptocurrency industry, elevating crypto from a peripheral technology to a strategic national priority.
This new role is expected to serve as a bridge between the White House, Congress, and key regulatory bodies such as the SEC and CFTC. However, the exact scope and influence of this position remain unclear.
During his campaign, Trump repeatedly expressed strong support for the crypto community, making bold commitments such as:
- Firing SEC Chair Gary Gensler.
- Establishing a national Bitcoin reserve fund.
- Positioning the U.S. as the global “crypto capital.”
To fulfill these promises, Trump has proactively engaged with major figures in the U.S. crypto space, including:
- Brian Armstrong, CEO of Coinbase.
- Brian Brooks, former CEO of Binance.US.
- Brad Garlinghouse, CEO of Ripple.
- Charles Hoskinson, founder of Cardano.
Related: President Donald Trump Prepares for Private Meeting with Coinbase CEO
The current political environment provides significant momentum for these changes. With both the Senate and House of Representatives controlled by the Republican Party, passing crypto-related legislation is more achievable than ever.
For years, the U.S. has struggled to develop a cohesive regulatory framework for cryptocurrencies. Now, under Trump’s administration, the blockchain industry may witness transformative progress.
