Trump’s transition team signals strong pro-Bitcoin direction, contrasting Harris’ regulatory approach
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Former President Donald Trump’s campaign has appointed chairs for the presidential transition team, which is drawing attention for its strong pro-crypto stance.

According to an Aug. 16 announcement, Cantor Fitzgerald CEO Howard Lutnick, a well-known Bitcoin advocate, and Linda McMahon, WWE co-founder and a prominent entrepreneur who has criticized central bank digital currencies (CBDCs), will co-chair the transition team.

Meanwhile, Ohio Senator JD Vance, the first vice presidential candidate to publicly own crypto, along with Trump’s sons Eric and Donald Jr., will serve as honorary co-chairs. The group is expected to influence the direction of the potential second Trump administration, particularly in shaping policies that could favor the crypto industry.

The transition team will be responsible for the critical tasks of vetting candidates for cabinet positions and thousands of political appointee jobs across the federal government. They will also develop a policy agenda that aligns with Trump’s vision of a more business-friendly and innovation-driven administration.

The announcement comes against a backdrop of Trump’s past transitions, which were marked by turbulence. In 2016, his transition process was disrupted by the firing of then-leader Chris Christie, and in 2020, Biden’s team accused Trump’s administration of non-cooperation during the handover.

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