Trump's Cabinet Picks: A Crypto-Friendly All-Star Team?
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Trump's Cabinet Picks: A Crypto-Friendly All-Star Team?
The cryptocurrency industry may be迎来a more positive policy outlook.
Navigating Web3 tides with focused insightsAuthor: Chaos Labs
Translation: TechFlow
Trump’s Cabinet Picks: Potential Boosters for Crypto?
Donald Trump’s recent cabinet nominations have drawn widespread attention. This edition of the Edge series focuses on key nominees who could positively impact the cryptocurrency industry.
@howardlutnick (Transition Team Leader & Secretary of Commerce Nominee)
First, Howard Lutnick—widely seen as a leader of Trump’s transition team and CEO of Cantor Fitzgerald—is nominated for Secretary of Commerce. An outspoken crypto supporter, he was previously considered for Treasury Secretary.
Under Lutnick’s leadership, Cantor Fitzgerald has actively explored blockchain and digital assets. For example, the firm served as custodian for Tether’s bond portfolio and recently made a strategic investment in Tether.
Scott Bessent (Treasury Secretary Nominee)
A seasoned hedge fund manager, Scott Bessent deeply understands financial innovation and has repeatedly voiced support for cryptocurrencies. He stated: “Crypto represents freedom, and crypto is here to stay.”
Compared to former frontrunner Henry Paulson, Bessent is clearly more favorable toward the crypto industry. Paulson publicly criticized crypto in 2021, calling it devoid of intrinsic value and highlighting its extreme price volatility.
@TulsiGabbard (Director of National Intelligence Nominee)
Tulsi Gabbard’s nomination as Director of National Intelligence could hold significant implications for the crypto sector. She has long advocated for privacy rights and decentralization.
Gabbard also has direct ties to crypto. In 2018, she disclosed that she purchased @ethereum (ETH) and @litecoin (LTC) during the 2017 bull market. She has repeatedly supported Bitcoin, viewing it as a tool for financial sovereignty and a safeguard against excessive government intervention.
@RobertKennedyJr (Secretary of Health and Human Services Nominee)
Robert F. Kennedy Jr. has publicly endorsed Bitcoin, describing it as a powerful hedge against fiat currency devaluation. While his role does not directly intersect with crypto, RFK Jr. is likely to be an ally—not an adversary—for the crypto industry within a Trump administration.
@PamBondi (Attorney General Nominee)
Bondi’s nomination came after @mattgaetz withdrew from consideration. Gaetz had faced intense scrutiny within the Republican Party and ultimately stepped aside—a potential loss for the crypto community.
Matt Gaetz has been a staunch defender of personal privacy and championed several pro-crypto legislative efforts, including the FIT21 Act, SAB121, and the Anti-CBDC Surveillance State Act. He also publicly supported pardoning Edward Snowden.
Pam Bondi, former Florida Attorney General, has not yet expressed a public stance on cryptocurrency. As nominee for Attorney General, her policy direction remains uncertain.
@michaelgwaltz (National Security Advisor Nominee)
Michael Waltz has been a strong advocate for advancing the U.S. crypto industry. He has frequently emphasized crypto’s role in boosting economic competitiveness, technological independence, and limiting government overreach.
His pro-crypto position is reflected in his legislative record—he co-sponsored the Anti-CBDC Surveillance State Act and voted in favor of both SAB121 and FIT21.
@BrendanCarrFCC (FCC Chair Nominee)
Brendan Carr, currently the Republican leader at the Federal Communications Commission (FCC), is expected to become FCC Chair. While Carr hasn’t explicitly stated his views on Bitcoin or crypto, he is known for his strong anti-censorship stance and support for technological innovation.
Under his leadership, the FCC may provide greater support for the development of crypto’s technical infrastructure.
@HesterPeirce & Mark Uyeda (Potential SEC Chair Candidates)
Hester Peirce has long been a vocal advocate for clear digital asset regulations. If nominated as SEC Chair, she could usher in a more favorable regulatory environment for crypto—reducing uncertainty and softening the agency’s aggressive posture. Her appointment would be a major win for the industry, though rumors suggest she may have already declined the possibility.
Another candidate under consideration is current SEC Commissioner Mark Uyeda. He has criticized the SEC’s hardline approach toward crypto in recent years and consistently called for clear, predictable regulatory frameworks.
While these nominations are not yet final, early signals suggest the crypto industry may be heading toward a more supportive policy landscape. Notably, Trump’s view of China as America’s primary strategic competitor could further shape crypto policy. Despite China’s repeated bans on crypto activities, it still dominates Bitcoin mining. At the Bitcoin2024 conference, Trump pledged to bring mining hash rate back to the U.S.—a move that could become a centerpiece of future policy.
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