Source: bitcoinist
Compiled by: Blockchain Knight
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, especially 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 points out that the specific nature of the position, whether it is a senior official 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 government to represent digital asset interests.
During the campaign, Trump actively engaged with the crypto asset community and promised to take a more favorable stance towards the industry, which could encourage further adoption and approval of new investment tools beyond BTC and Ethereum.
Trump also stated plans to replace the current SEC chairman Gary Gensler, who has a record of law enforcement oversight, and to establish a new presidential advisory council focused on digital assets.
Interestingly, Bloomberg revealed on Wednesday that industry representatives are currently seeking potential candidates to serve on the presidential advisory council.
Discussions about the proposed role for crypto assets include considering appointing someone to lead a small working team as a liaison between Congress, the White House, and regulatory bodies such as the SEC and CFTC.
Reportedly, this position will play a key role in developing crypto asset policy and facilitating communication between different government agencies.
However, Trump's transition team has yet to provide further information on the matter or issue an official statement.
Trump's engagement with the digital asset space includes 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 revealed that in recent days, crypto asset allies visited Trump's Mar-a-Lago resort, where transition team members are conducting interviews and personnel discussions.
It is reported that among those who met with Trump is Brian Brooks, a former executive of 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 leaders in the digital asset market.
