According to a Bloomberg report, President-elect Donald Trump’s transition team is considering the establishment of a new White House position dedicated exclusively to crypto policy.
This development coincides with growing speculation about the inclusion of pro-crypto leaders in key positions within the new administration, as Trump’s advocacy for digital assets has been evident during his presidential campaign.
Trump’s Plan To Reshape Crypto Policy
Per the report, sources familiar with the transition efforts indicate that Trump’s team is actively vetting candidates for this unprecedented role, which would mark the first time a position focused solely on crypto has been created in the White House.
However, Bloomberg notes that the exact nature of the position, whether it will be a senior staff role or a “crypto czar” overseeing federal policy and regulation, remains uncertain.
Advocates within the industry are pushing for the new role to maintain a direct line of communication with Trump, emphasizing the importance of having a strong voice in the administration to represent digital asset interests.
During his campaign, Trump actively engaged with the crypto community and promised to take a more favorable stance towards the industry, which could lead to further adoption and approval of new investment vehicles beyond Bitcoin and Ethereum.
The President-elect has also expressed intentions to remove current Securities and Exchange Commission (SEC) Chairman Gary Gensler, who has a record of regulation through enforcement, and to create a new presidential advisory council focused on digital asset.
Interestingly, Bloomberg revealed on Wednesday that industry representatives, whose names were not disclosed, are currently positioning themselves for potential roles on this council.
