Will the White House welcome its first crypto advisor?
TechFlow Selected TechFlow Selected
Will the White House welcome its first crypto advisor?
Trump's support for digital assets has been evident during his presidential campaign.
Navigating Web3 tides with focused insightsSource: bitcoinist
Translation: Blockchain Knight
According to Bloomberg, Trump's transition team is considering creating a new White House position dedicated to cryptocurrency policy.
This report aligns with speculation about whether the incoming administration will include leaders supportive of crypto assets.
Trump’s support for digital assets was evident throughout his presidential campaign.
The report said that sources familiar with the transition effort revealed Trump’s team is actively reviewing candidates for this role, which would mark the first time the White House establishes a position specifically focused on crypto assets.
However, Bloomberg noted that the exact nature of the role—whether it will be a senior staff position or a “crypto czar” tasked with overseeing federal policy—remains unclear.
Industry advocates are pushing for the new role to have direct access to Trump, emphasizing the importance of having a strong voice within the government to represent digital asset interests.
During the campaign, Trump actively engaged with the crypto community and pledged a more favorable stance toward the industry, which could accelerate adoption and approval of new investment vehicles beyond BTC and Ethereum.
Trump has also stated his intention to replace current SEC (U.S. Securities and Exchange Commission) Chair Gary Gensler, who has a record of aggressive regulatory enforcement, and to establish a new presidential advisory committee focused on digital assets.
Interestingly, Bloomberg revealed on Wednesday that industry representatives are currently identifying potential members for the presidential advisory committee.
Discussions around the proposed crypto asset role include considering appointing an individual to lead a small task force serving as a liaison between Congress, the White House, and regulators such as the SEC and CFTC.
The position is reportedly expected to play a key role in shaping crypto policy and facilitating communication across government agencies.
Nonetheless, Trump’s transition team has not provided further details or issued an official statement on the matter.
Trump’s engagement with the digital asset sector includes multiple meetings with executives from Bitcoin mining firms and crypto exchanges, as well as delivering a speech at the National Bitcoin Conference in July.
Bloomberg also disclosed that in recent days, crypto allies visited Trump’s Mar-a-Lago resort, where transition team members are conducting interviews and personnel discussions.
Among those said to have met with Trump is Brian Brooks, former executive at Coinbase and Binance.US, who is also being considered for the role of SEC chair.
In addition, Bitcoinist reported that Coinbase CEO Brian Armstrong spoke with Trump this week, highlighting ongoing engagement between the administration and leading figures in the digital asset market.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@bitcoinist
