On Sunday, President-elect Donald J. Trump revealed that Stephen Miran, who previously served during Trump’s first term, will helm the Council of Economic Advisers. Miran is seen as a pro-bitcoin ally, openly advocating for cryptocurrencies’ role in driving both innovation and economic progress.
Trump Taps Stephen Miran to Shape U.S. Economic Policy
Stephen Miran, a veteran of Trump’s first administration in the Treasury Department, is Trump’s pick for the Council of Economic Advisers. “Steve will work with the rest of my Economic team to deliver a Great Economic Boom that lifts up all Americans,” Trump explained on Sunday. Much like Trump’s other appointments for the Republican transition team, the bitcoin community seems largely on board with this choice.
The enthusiasm stems from Miran’s positive stance on bitcoin and the broader crypto world. In an interview with The Bitcoin Layer, he lambasted America’s regulatory environment for stifling growth, adding, “I think that crypto has a big role potentially to play in innovation.” This weekend, Miran expressed his gratitude, saying, “I am beyond honored that President Trump has chosen me to lead his Council of Economic Advisers.”
Many bitcoin advocates are optimistic that Trump and his transition team will pave the way for crypto companies and digital asset users to harness this cutting-edge technology without being bogged down by regulation through enforcement—a hallmark of the previous administration. With individuals like Miran leading the charge and figures such as Paul Atkins steering the U.S. Securities and Exchange Commission (SEC), many anticipate an end to unwarranted crackdowns on the crypto industry.
Miran’s critiques suggest he’ll champion a regulatory approach that is less restrictive and more innovation-friendly. His stance aligns with a libertarian viewpoint, which often sees heavy-handed regulation as a roadblock to progress in emerging technologies like cryptocurrencies.
Given his perspectives, Miran may push back against overly cautious tactics, such as those observed in agencies like the FDIC, criticized for their slow and opaque handling of digital assets. Instead, he’s likely to advocate for a more open and transparent approach that actively engages with and supports technological advancements.
Only time will reveal whether Miran’s appointment will truly benefit bitcoin and the broader crypto sector. While his past remarks and pro-innovation stance have sparked optimism, the challenges of balancing regulatory oversight with fostering growth remain significant. As Miran steps into this influential role, the crypto community will be watching closely to see if his actions align with his words and if his leadership can pave the way for a more crypto-friendly environment in the U.S.
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