Trump's team is considering a new role in the White House focused on cryptocurrency policy

The team of elected President Donald Trump is considering creating a position specifically focused on cryptocurrency policy, marking a novelty in the White House, according to Bloomberg.

Trump's team is evaluating candidates for that position, Bloomberg reported on Wednesday, citing individuals familiar with the matter.

It is unclear whether the position would be more similar to a senior staff position in the White House or that of a "cryptocurrency czar," Bloomberg reported.

Trump embraced cryptocurrencies during last year's electoral season when he promised to fire the chairman of the U.S. Securities and Exchange Commission, Gary Gensler, pledged to commute the life sentence of Silk Road founder Ross Ulbricht, create a Presidential Cryptocurrency Advisory Council, and establish a national strategic reserve of bitcoins.

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