New US President Donald Trump is looking for a candidate for a position specializing in cryptocurrency policy planning for the White House.
According to Bloomberg, new US President Donald Trump has begun the process of searching for personnel for a new position in the White House, specializing in cryptocurrency policy planning.
If this information is true, this is the first time a US President has appointed a private advisor on crypto, marking another important development for the cryptocurrency industry.
However, it is still unclear how much the role and influence of the new position will have on the crypto legal process in the US. Bloomberg’s source revealed that the new position could be an intermediary between the White House and the US Congress and relevant regulatory agencies such as the SEC and CFTC.
As reported by Coin68, Mr. Donald Trump has been carefully preparing to take over the US in January 2025, continuously appointing positions in the new administration. The new US President has used crypto as one of his main focuses during his campaign to attract voters, with many commitments such as firing SEC Chairman Gary Gensler, establishing a national Bitcoin reserve fund and turning the United States into the crypto capital of the world. Mr. Trump has mentioned the formation of a cryptocurrency advisory board for the White House.
The US media has also listed crypto-friendly candidates who could have a position in Mr. Trump’s new administration, especially becoming the new Chairman of the US Securities and Exchange Commission (SEC).
Mr. Trump is also said to have met with many famous figures in the US cryptocurrency industry, including Coinbase CEO Brian Armstrong, former Binance.US CEO and Chief of the US Comptroller of the Currency Brian Brooks, Ripple CEO Brad Garlinghouse and Cardano founder Charles Hoskinson.
The United States currently lacks a formal regulatory framework for cryptocurrencies, with bills governing crypto and stablecoins having failed to gain traction in Congress and stalled for years. However, this could soon change under the new Trump administration, now that both the Senate and House of Representatives are in Republican hands.
