Trump Seeks to Appoint Crypto Specialist to His Administration

Donald Trump is looking for someone to appoint to a completely new position in the White House as a dedicated advisor on cryptocurrency.

Trump Seeks To Appoint Crypto Specialist To His Administration

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.

Trump Seeks to Appoint Crypto Specialist to His Administration
Trump Seeks to Appoint Crypto Specialist to His Administration

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.

4.0/5

(1 vote)

Latest

Binance Announces Listing Of Movement (move)

News | Altcoin | Editor Choice | Video

Binance Announces Listing of Movement (MOVE) – the Third Project on Airdrops Portal

Binance exchange has announced the listing of Movement at 13:00 UTC on December 9, 2024. This is also the third project to be featured on the Binance Airdrops Portal.

Azcnews Michael Saylor Predicts Bitcoin Will Surge To $13 Million

News | Bitcoin | Editor Choice

Michael Saylor Predicts Bitcoin Will Surge to $13 Million

MicroStrategy founder and strong Bitcoin advocate Michael Saylor recently made a shocking prediction about the value of Bitcoin.

Tap To Earn Trend On Telegram Loses Steam Despite Active Market

News | Altcoin | Editor Choice | Pi Network | Video

“Tap to Earn” Trend on Telegram Loses Steam Despite Active Market

Despite the strong growth wave in the cryptocurrency market, tap-to-earn games on the Telegram platform are witnessing a concerning decline in users.

Azcnews Xrp Poised To Surge To $5 Amid Strong Market Momentum

News | Altcoin | Analytics | Editor Choice

XRP Poised to Surge to $5 Amid Strong Market Momentum

XRP has been on a tear over the past few weeks, hitting a three-year high, but XRP’s rally isn’t over yet.

Indian Man Loses $25,000

News | Editor Choice | Policy & Regulations

Indian Man Loses $25,000 After Call from “Crypto Investment Program”

A cryptocurrency investor in India lost $25,000 over the past month by trusting a fake investment scheme.