Donald Trump and his transition team are actively discussing the possibility of creating a full-time White House position focused on crypto policy, according to a report out Wednesday in Bloomberg.

The role, if created, would constitute the first-ever job dedicated to cryptocurrency at the White House level.

Presidents routinely appoint “czars” to focus on specific, high-priority issues, ranging from climate change to border security. Placing a crypto czar in the Trump White House would grant the digital assets industry an advantage it has never yet enjoyed: a go-to point person to discuss industry priorities with, who would consistently have the president’s ear.

According to Wednesday’s report, while a decision has not yet been reached about the creation of such a role, members of Trump’s team have discussed the possibility with multiple industry leaders.

On Tuesday, Trump reportedly met with former Binance.US CEO Brian Brooks at the president-elect’s Mar-a-Lago estate in Palm Beach, Florida. Brooks, the former Acting Comptroller of the Currency as well as one-time Chief Legal Officer at Coinbase, is rumored to be in contention to run the U.S. Securities and Exchange Commission (SEC).

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Author: Sander Lutz