- Miran, a crypto advocate, has been calling for better sector regulations.
- The appointment is among many made by Trump focusing on crypto in the US.
Stephen Miran, a former Treasury official, will chair the Council of Economic Advisors (CEA) after appointment by President-elect Donald Trump. Miran has been a strong crypto advocate, previously calling for regulations to allow innovations in the sector.
Miran has held that the current regulatory environment is too restrictive. He made remarks at the height of Binance tribulations last year that forced its founder and CEO Changpeng Zhao “CZ” to resign. He said:
“I never cease to marvel at what fraction of “innovation” in recent decades is simply due to circumventing regulations. Uber, crypto, Airbnb… And while binance did some evil shit (helping finance Iran, Hamas), maybe we should actually streamline a lot of regulations.”
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Miran served as a Treasury official during Trump’s first term and has been a harsh critic of Fed Chair Jerome H. Powell. He is now charged with spearheading an institution that advises the president on a range of federal programs and policies that affect the economy.
Miran To Help Trump In Mission To Make US Crypto Nation
The appointment of a pro-crypto official adds to the growing expectation that President Trump will make the US a crypto nation. The former POTUS has pledged to make the US the “crypto capital,” even suggesting the first-ever White House crypto role under his administration.
The upcoming US president also nominated crypto supporter Paul Atkins to lead the SEC. Other pro-crypto appointments include ex-PayPal executive David Sacks and former congressional candidate Bo Hines.
