According to a report by Bloomberg citing people familiar with the matter, the team of the incoming US president Donald Trump is in discussions with the digital asset industry, considering whether to establish a new position in the White House specifically responsible for cryptocurrency policy, and the team is currently screening candidates for the role. If the White House establishes a dedicated cryptocurrency position, it will be a major victory for the industry and mark another important milestone in its transition from the periphery to the mainstream.
Reportedly, the selected individual is expected to lead a small team and serve as a mediator between Trump, Congress, and various federal agencies, including the US Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC). According to the Bloomberg report, it is unclear whether the position will be an internal White House role or a "crypto czar" to coordinate policies across federal agencies.
It is well known that Trump was a strong supporter of Bitcoin and the cryptocurrency industry during his campaign. He had promised to fire the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, who was skeptical of cryptocurrencies, on his first day in office, and to establish a Bitcoin strategic reserve. He even used Bitcoin to pay for burgers for his supporters at a bar in New York during the campaign.
