According to Bloomberg, Trump’s transition team is considering creating a new White House position specifically responsible for Crypto asset policy. The report coincides with some speculation, particularly about whether the new government will include leaders who support crypto assets. Trump’s support for digital assets was already evident during his presidential campaign. The report said that sources familiar with the transition work revealed that the Trump team is actively reviewing candidates for the position, which would mark the first time that the White House has established a position specifically for Crypto assets. However, Bloomberg noted that the exact nature of the position, whether it would be a senior staff member or a “crypto czar” responsible for overseeing federal policy, remains uncertain. Advocates within the industry are pushing for the new position to maintain direct communication with Trump, emphasizing the importance of having a strong voice in the administration to represent digital asset interests. During his campaign, Trump actively engaged with the crypto asset community and promised a more favorable stance toward the industry, which could lead to further adoption and approval of new investment vehicles beyond BTC and Ethereum. Trump also said he plans to replace Gary Gensler, the current chairman of the SEC (U.S. Securities and Exchange Commission), who has a record of law enforcement and regulation, and to establish a new presidential advisory committee focused on digital assets. Interestingly, Bloomberg revealed on Wednesday that industry representatives are currently scouting for possible candidates to serve on the presidential advisory board. Discussions about the proposed Crypto Assets role included consideration of appointing an individual to lead a small working group to serve as a link between Congress, the White House and regulators such as the SEC and CFTC. The position will reportedly play a key role in developing policies on crypto assets and facilitating communication between different government agencies. However, Trump's transition team has not yet provided further information or made an official statement on the matter. Trump’s engagement with the digital asset space has included multiple meetings with executives from BTC mining companies and crypto asset exchanges, as well as a speech at the National BTC Conference in July. Bloomberg also disclosed that in recent days, Crypto asset allies visited Trump’s Mar-a-Lago resort, where members of the transition team were conducting interviews and personnel discussions. Among those who allegedly met with Trump was Brian Brooks, a former executive at Coinbase and Binance.US who is also being considered for the position of SEC chairman. 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. |
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