Trump administration reportedly wants a crypto job at White House

Trump's transition team apparently wants a crypto position in the White House.

The team is screening prospects.

The job should oversee crypto rules, but its exact duties are unknown.

Bloomberg reported Wednesday that President-elect Donald Trump and his staff are considering a crypto policy job in the White House.

Trump team to launch White House crypto policy
The Trump transition team is reportedly considering a crypto post in the White House after interviewing first-time applicants.

Bloomberg said that the post may resemble a White House senior staff position or a "crypto czar."

This job may entail coordinating federal agency policy and regulation, although specifics are still being defined.

The job would supervise a small staff and serve as a liaison between Congress, the White House, and cryptocurrency regulators like the SEC and CFTC.

The speculations might indicate a better regulatory climate for the crypto business under Trump.

The next president speaks with other crypto heavyweights, including Coinbase CEO Brian Armstrong, by phone on Tuesday.

Trump pledged to make the US the crypto capital and dismiss SEC Chair Gary Gensler on his first day in office during his campaign.

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