Trump’s team vets for first White House crypto role

by

As a seasoned analyst with a decade-long career in financial markets and technology, I find myself intrigued by the potential of a dedicated crypto office at the White House under President Trump. Having closely followed the evolution of digital assets since their inception, I am confident that this move could be a game-changer for the industry.

The administration of President Donald Trump moved a step closer to forming a cryptocurrency advisory group, as pledged to the digital industry, and establishing a new office within the White House.

Trump’s advisory team is considering potential leaders for a pioneering cryptocurrency office within the White House. This office would primarily concentrate on shaping digital asset policies in the United States. Reports from Bloomberg suggest that Trump’s team has been collaborating with key figures in the blockchain industry, as part of their initiative to foster innovation in U.S. cryptocurrencies.

This freshly suggested post might not overlook the concept of Trump’s proposed cryptocurrency advisory group, a notion he presented during his election campaign.

Crypto in the White House

It’s been reported that the President-elect and Coinbase CEO Brian Armstrong have arranged a private meeting as well as a phone conversation, according to crypto.news. The President-elect is said to be looking to tap into Armstrong’s expertise when it comes to choosing potential appointees for his cabinet. Additionally, Cardano founder Charles Hoskinson is anticipated to make a trip to Washington, D.C., in order to discuss matters with policymakers.

Charleton Hoskinson expressed support for John Armstrong as a possible “Cryptocurrency Overlord” for the White House, not long after revealing his plans to visit the Capitol on date X.

I know he could build a broad tent coalition to bring the industry together and help us get the government rallied behind real action including passing new laws.

For my part, having worked with the legislative branch in Wyoming to get 31 crypto laws passed, I’m focusing a ton of my efforts on the House and Senate to help facilitate the legislative effort that will forever remove the abuses of the current federal government and open the floodgates for the legacy world to enter crypto.

Charles Hoskinson, Cardano founder

Heading to DC

— Charles Hoskinson (@IOHK_Charles) November 20, 2024

Rapid exits and Trump’s aces

A more favorable regulatory landscape for cryptocurrencies has been emerging, thanks to substantial donations from the decentralized technology sector. Reports suggest that Trump’s administration is contemplating appointing pro-blockchain figures to crucial regulatory roles, such as the Securities and Exchange Commission and the Manhattan U.S. Attorney’s Office in the Southern District of New York.

Important figures in regulatory positions like the Securities and Exchange Commission’s chair Gary Gensler, Federal Deposit Insurance Corporation’s chair Martin Gruenberg, and Manhattan U.S. Attorney Damian Williams have all signaled their intentions to step down or indicated possible departures by mid-January 2025.

As an analyst, I find myself contemplating the potential candidates being considered by President Trump for his next SEC Chair appointment. Among those rumored to be strong contenders are Teressa Goody Guillén, a seasoned securities attorney, and Brian Brooks, a former CEO of Binance U.S. These two distinguished individuals could play significant roles in shaping the future of the Securities and Exchange Commission should they be selected for this influential position.

Read More

2024-11-21 00:30