According to Bloomberg, $Trump's transition team is considering establishing a new White House position specifically dedicated to cryptocurrency asset policy. This report aligns with some speculation, particularly regarding whether the new administration will include leaders who support cryptocurrency assets. The report states that sources familiar with the transition efforts have revealed that the $Trump team is actively reviewing candidates for this position, which would mark the first time the White House has created a dedicated role for cryptocurrency assets. However, Bloomberg notes that the specific nature of the position, whether it will be a senior official or a 'Crypto Czar' responsible for overseeing federal policy, remains uncertain. Advocates in the industry are pushing for the new position to maintain direct communication with $Trump, emphasizing the importance of having a strong voice in the government to represent digital asset interests. During the campaign, $Trump actively engaged with the cryptocurrency community and promised a more favorable stance toward the industry, which could further encourage the adoption and approval of new investment tools beyond $BTC and Ethereum. $Trump also indicated plans to replace the current SEC (Securities and Exchange Commission) chairman, Gary Gensler, who has a record of enforcement regulation, and to establish a new presidential advisory committee focused on digital assets. Interestingly, Bloomberg revealed on Wednesday that industry representatives are currently scouting potential candidates to serve on the presidential advisory committee. Discussions about the proposed cryptocurrency asset role include considering appointing someone to lead a small working team that would act as a liaison between Congress, the White House, and regulatory agencies such as the SEC and CFTC. Reports indicate that this position would play a key role in shaping cryptocurrency asset policy and facilitating communication between different government agencies. However, $Trump's transition team has not provided further information or made an official statement on the matter. $Trump's engagement with the digital asset space includes multiple meetings with executives from $BTC mining companies and cryptocurrency exchanges, as well as a speech at the national $BTC conference in July. Bloomberg also disclosed that in recent days, cryptocurrency asset allies visited $Trump's Mar-a-Lago resort, where transition team members are conducting interviews and personnel discussions. Among those reported to have met with $Trump is Brian Brooks, a former executive from Coinbase and Binance.US, who is also being considered for the SEC chair position. Additionally, Bitcoinist reported that Coinbase CEO Brian Armstrong spoke with $Trump this week, highlighting the government's engagement with leading figures in the digital asset market.
According to Bloomberg, Trump's transition team is considering establishing a new White House position specifically dedicated to cryptocurrency asset policy. This report aligns with some speculation, particularly regarding whether the new administration will include leaders who support cryptocurrency assets. The report states that sources familiar with the transition efforts have revealed that the Trump team is actively reviewing candidates for this position, which would mark the first time the White House has created a dedicated role for cryptocurrency assets. However, Bloomberg notes that the specific nature of the position, whether it will be a senior official or a 'Crypto Czar' responsible for overseeing federal policy, remains uncertain. Advocates in the industry are pushing for the new position to maintain direct communication with Trump, emphasizing the importance of having a strong voice in the government to represent digital asset interests. During the campaign, Trump actively engaged with the cryptocurrency community and promised a more favorable stance toward the industry, which could further encourage the adoption and approval of new investment tools beyond BTC and Ethereum. Trump also indicated plans to replace the current SEC (Securities and Exchange Commission) chairman, Gary Gensler, who has a record of enforcement regulation, and to establish a new presidential advisory committee focused on digital assets. Interestingly, Bloomberg revealed on Wednesday that industry representatives are currently scouting potential candidates to serve on the presidential advisory committee. Discussions about the proposed cryptocurrency asset role include considering appointing someone to lead a small working team that would act as a liaison between Congress, the White House, and regulatory agencies such as the SEC and CFTC. Reports indicate that this position would play a key role in shaping cryptocurrency asset policy and facilitating communication between different government agencies. However, Trump's transition team has not provided further information or made an official statement on the matter. Trump's engagement with the digital asset space includes multiple meetings with executives from BTC mining companies and cryptocurrency exchanges, as well as a speech at the national BTC conference in July. Bloomberg also disclosed that in recent days, cryptocurrency asset allies visited Trump's Mar-a-Lago resort, where transition team members are conducting interviews and personnel discussions. Among those reported to have met with Trump is Brian Brooks, a former executive from Coinbase and Binance.US, who is also being considered for the SEC chair position. Additionally, Bitcoinist reported that Coinbase CEO Brian Armstrong spoke with Trump this week, highlighting the government's engagement with leading figures in the digital asset market.