President-elect Trump has nominated economist and former advisor Stephen Miran to chair the Council of Economic Advisers, the agency that will advise the Executive Branch on economic policy and strategy.
Miran previously served as a senior economic policy advisor at the U.S. Department of the Treasury under Trump's first administration. In a recent episode of The Bitcoin Layer podcast, Miran stated that the U.S. should focus on policies supporting innovation and told the host:
"I believe that deregulation of finance will be a powerful part of that. I think Cryptocurrencies can play a big role in driving innovation and bringing about another economic boom under the Trump administration."
Many in the Cryptocurrency community have welcomed Miran's nomination as a positive development for the digital asset industry, as Donald Trump continues to appoint Crypto-friendly and innovative officials to his cabinet.
Trump Nominates Crypto-Friendly Individuals for Second Term
On December 4, 2024, President-elect Trump nominated Paul Atkins to replace Gary Gensler as Chair of the U.S. Securities and Exchange Commission (SEC).
The President-elect cited Atkins' previous experience as an SEC Commissioner from 2002-2008 and his understanding of digital assets through his role as co-chair of the Token Alliance as the reasons for this nomination.
On December 6, Trump nominated David Sacks as the AI and Crypto czar — the top policy advisor on artificial intelligence and digital assets. Sacks is a Cryptocurrency advocate and former PayPal executive.
In an appearance on the Anthony Pompliano podcast, Sacks argued that BTC can separate money and state due to its neutral, decentralized nature.
Trump's Crypto-friendly appointments and the potential to create a strategic Bitcoin reserve have led analysts and critics to predict BTC prices reaching 7 figures.
Cathie Wood, founder of asset manager Ark Invest, forecasts Bitcoin reaching $1 million by 2030 due to the upcoming Crypto-supportive policies of the Trump administration.
Eric Trump, the President-elect's son, also stated that each BTC could reach $1 million due to the scarcity of supply.
*Bitcoin News Digest*
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
President-elect Trump has nominated economist and former advisor Stephen Miran to chair the Council of Economic Advisers, the agency that will advise the Executive Branch on economic policy and strategy.
Miran previously served as a senior economic policy advisor at the U.S. Department of the Treasury under Trump's first administration. In a recent episode of The Bitcoin Layer podcast, Miran stated that the U.S. should focus on policies supporting innovation and told the host:
"I believe that deregulation of finance will be a powerful part of that. I think Cryptocurrencies can play a big role in driving innovation and bringing about another economic boom under the Trump administration."
Many in the Cryptocurrency community have welcomed Miran's nomination as a positive development for the digital asset industry, as Donald Trump continues to appoint Crypto-friendly and innovative officials to his cabinet.
