Source: bitcoinist
Compiled by: Blockchain Knight
According to Bloomberg, Trump's transition team is considering creating a new White House position specifically focused on Crypto asset policy.
This report aligns with some speculation, particularly regarding whether the new administration will include leaders who support Crypto assets.
Trump's support for digital assets has been evident during his presidential campaign.
The report states that sources familiar with the transition work have revealed that the Trump team is actively reviewing candidates for this position, which would mark the first time the White House has established a position specifically focused on Crypto assets.
However, Bloomberg notes that the exact nature of this position, whether it will be a senior-level official or a "Crypto czar" responsible for overseeing federal policy, remains uncertain.
Advocates within the industry are pushing for the new position to have direct communication with Trump, emphasizing the importance of having a strong voice representing the interests of digital assets within the government.
During the campaign, Trump actively engaged with the Crypto asset community and promised a more favorable stance towards the industry, which could lead to further adoption and approval of investment tools beyond BTC and Ethereum.
Trump also stated that he plans to replace the current SEC (Securities and Exchange Commission) chairman, Gary Gensler, who has a record of enforcement regulation, and establish a new presidential advisory council focused on digital assets.
Interestingly, Bloomberg revealed on Wednesday that industry representatives are currently identifying potential candidates who could serve on the presidential advisory council.
Discussions around the proposed Crypto asset role include considering the appointment of an individual to lead a small-scale task force, serving as a bridge between Congress, the White House, and regulatory agencies (such as the SEC and CFTC).
This position is expected to play a crucial role in shaping Crypto asset policy and facilitating communication between different government agencies.
However, Trump's transition team has not yet provided further information or issued an official statement on this matter.
Trump's engagement with the digital asset space includes multiple meetings with executives from BTC mining companies and Crypto asset exchanges, as well as a speech at the national BTC conference in July.
Bloomberg also disclosed that in recent days, Crypto asset allies have visited Trump's Mar-a-Lago resort, where transition team members are conducting interviews and discussing personnel.
Among those who have met with Trump are said to be former executives from Coinbase and Binance.US, including Brian Brooks, who is also being considered for the SEC chairman role.
Additionally, Bitcoinist reported that Coinbase CEO Brian Armstrong had a conversation with Trump this week, highlighting the government's engagement with leaders in the digital asset market.
