cryptojournalist
A First for the White House
President-elect Donald Trump is exploring the idea of creating a dedicated role for cryptocurrency policy, Bloomberg reports. If approved, it would be the first position of its kind in the White House, reflecting the growing importance of crypto in Trump’s administration. His team is meeting with industry leaders and vetting candidates, even holding discussions at Mar-a-Lago.
What the Role Might Look Like
The job could take different forms: either a staff position in the White House or a “crypto czar” responsible for coordinating policies across federal agencies like the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission).* Advocates are pushing for the role to report directly to Trump, ensuring crypto policy gets the attention it needs. The person in this position would likely lead a small team and act as a go-between for the White House, Congress, and regulatory agencies.
Crypto Industry Backing
Trump’s focus on crypto isn’t surprising—he promised during his campaign to make America the global leader in cryptocurrency and roll back regulatory crackdowns. Leaders like Coinbase CEO Brian Armstrong and former Coinbase exec Brian Brooks have already met with Trump’s team to discuss the potential role and policy direction.
Regulation Shakeups
Trump’s team is also considering crypto-friendly officials for key regulatory roles. One potential pick is Summer Mersinger, a current CFTC commissioner known for her criticism of the agency’s strict enforcement actions against crypto firms. She’s argued for a more cooperative approach to regulation.
Crypto Advocates in Key Roles
In line with his pro-crypto stance, Trump has already tapped Howard Lutnick, CEO of Cantor Fitzgerald and a longtime supporter of cryptocurrency, as Secretary of Commerce. This move underscores his administration’s commitment to fostering a more crypto-friendly environment.
Market Optimism
The crypto market has already responded positively to Trump’s election. Coinbase shares recently surged past $300, their highest since 2021, as investors anticipate less regulatory pressure under his administration—particularly on crypto staking services.
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