President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.
This would mark the first crypto-specific White House position that signals the industry’s significance in Trump’s administration. Trump attracted crypto supporters by pledging to make the U.S. the “world’s crypto capital” and reduce regulatory pressures.
The role’s exact nature remains uncertain. It could be a White House staff position or a “crypto czar” overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.
The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.
See Related: Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised
Trump’s Promise To The Crypto Community
Donald Trump’s recent promises have sparked hope in the crypto community. He plans to create a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans’ rights to mine and store cryptocurrency.
Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.
