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President-elect Donald Trump is considering creating a new Cryptocurrency advisor role at the White House. Trump’s team is interviewing candidates but has not revealed who is the featured candidate.
The role’s specific duties remain unclear, with rumors saying Trump’s Crypto advisor could oversee policy implementation.
Trump’s Crypto Advisor
According to BloombergPresident-elect Donald Trump and his team are planning to create the first Cryptocurrency role in the White House. Trump is holding discussions with industry leaders to find potential candidates. One potential leader could be Brian Brooks, former chief executive officer of Binance.US.
“Brian Brooks, former leader at @binance US and @coinbase is interviewing for the role of Crypto Advisor to the White House or SEC Chairman position,” noted music producer and Crypto commentator Martin Folb write on X (formerly Twitter).
A full-time Crypto industry advocate in the White House could become a powerful ally to push for positive regulation. During the election campaign, Trump promised to make a series of reforms to current US Cryptocurrency policy.
Some highlights include weakening anti-Cryptocurrency initiatives in the legislature, appointing industry allies as financial regulators, and establishing a Bitcoin Reserve Fund.
During the Trump campaign, Bitcoin Magazine CEO David Bailey served as an unofficial Cryptocurrency advisor, helping draft pro-industry executive orders. Trump spoke at the conference in Nashville his in July. Since the election, Bailey has call The Bitcoin Reserve is the “leading urgent and revolutionary policy” to ensure the development of BTC.
However, the current extent of his influence is unknown.
Except for Brian Brooks, no other candidates have been named. The president-elect is interviewing potential candidates at Mar-a-Lago, but his team has not commented on the process.
Unfortunately, many details surrounding this new role remain mysterious, even the most important points. For example, it is unclear whether this advisor will only work at the White House or will act as a “Crypto Czar” to directly oversee policy implementation.
Either way, this new position will help solidify the growing wave of industry allies in the Federal government.
General Bitcoin News
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