President-elect Donald Trump’s transition team is exploring the creation of a dedicated White House role to oversee cryptocurrency policy, signaling a significant step in U.S. governance of the digital asset sector. The initiative, disclosed to Bloomberg by sources familiar with the discussions, is still in its early stages, with details about the position’s scope and structure yet to emerge.
The role could take the form of a senior advisory position or even a “crypto czar” to provide oversight and guidance for the rapidly expanding cryptocurrency industry. While representatives from Trump’s team have not commented on the proposal, the move aligns with Trump’s pro-crypto campaign promises.
Pro-Crypto Campaign Commitments
During his campaign, Trump pledged to reform the U.S. approach to cryptocurrency by advocating for a national Bitcoin reserve, commuting Silk Road founder Ross Ulbricht’s life sentence, and establishing a Crypto Presidential Advisory Council. He also vowed to replace SEC Chair Gary Gensler, whose tenure has been marked by tension with the crypto industry.
Following the election, Trump has doubled down on his crypto-friendly agenda through strategic nominations. Howard Lutnick, CEO of Cantor Fitzgerald and a known advocate of digital assets, has been tapped to lead the Department of Commerce. Additionally, Bitcoin supporter Robert F. Kennedy Jr. is set to become Secretary of Health and Human Services.
Engagement with Industry Leaders
The Trump administration’s outreach to cryptocurrency leaders has been notable. Executives from Ripple and Circle have reportedly met with Trump’s advisors to suggest candidates for key regulatory positions. Coinbase CEO Brian Armstrong has also engaged directly with Trump to discuss the future of crypto regulation, including potential leadership changes at the SEC and the Commodity Futures Trading Commission (CFTC).
As Trump prepares to take office, these moves underscore his commitment to reshaping U.S. cryptocurrency policy, a shift that could have lasting implications for the industry’s role in the global economy.
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