President-elect Donald Trump is considering creating a new Cryptocurrency Advisor role at the White House. Trump's team is interviewing candidates but has not disclosed who the standout candidates are.
The specific duties of this role are still unclear, with rumors suggesting that Trump's Cryptocurrency Advisor could oversee policy implementation.
Trump's Cryptocurrency Advisor
According to Bloomberg, President-elect Donald Trump and his team are planning to create the first Cryptocurrency role at the White House. Trump is holding discussions with industry leaders to find potential candidates. A potential leader could be Brian Brooks, former CEO of Binance.US.
"Brian Brooks, former leader at @binance US and @coinbase is interviewing for the Cryptocurrency Advisor role at the White House or the SEC Chairman position," prominent music producer and Cryptocurrency commentator Martin Folb wrote on X (formerly Twitter).
A full-time supporter of the Cryptocurrency industry working at the White House could become a powerful ally to push for positive regulation. During the campaign, Trump promised to implement a series of reforms to the current cryptocurrency policy in the U.S.
Some highlights include undermining anti-Cryptocurrency initiatives in the legislative branch, appointing industry allies as financial regulators, and establishing the Bitcoin Reserve Fund.
In Trump's campaign, the Executive Director of Bitcoin Magazine, David Bailey, served as an unofficial Cryptocurrency Advisor, helping to draft executive orders supporting the industry. Trump spoke at his conference in Nashville in July. Since the election, Bailey has called the Bitcoin Reserve Fund "the top urgent and revolutionary policy" to ensure the development of BTC.
However, his current level of influence is still unknown.
Trump speaks at the Bitcoin Conference in Nashville. Source: Bloomberg
Aside from Brian Brooks, no other candidate names have been mentioned. The president-elect is interviewing potential candidates at Mar-a-Lago, but his team has not commented on the process.
Unfortunately, many details surrounding this new role remain murky, even the most critical points. For example, it is unclear whether this advisor will only work at the White House or will act as a "cryptocurrency czar" to directly oversee policy implementation.
Nonetheless, this new position will help solidify the wave of allies in the rapidly growing industry within the federal government.
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