President Donald Trump and his team inched closer to assembling a crypto council as promised to the digital industry and a new office at the White House.
Trump’s transition team is evaluating candidates to lead a first-of-its-kind crypto office in the White House, which would focus exclusively on digital asset policies in the United States. According to Bloomberg, Trump’s camp has been liaising with blockchain industry leaders as his administration advances efforts to support U.S. crypto innovation.
This newly proposed post may also oversee Trump’s envisioned crypto council, an idea he floated during his campaign.
Crypto in the White House
The President-elect and Coinbase CEO Brian Armstrong recently scheduled a private meeting, which was also followed by a phone conversation, as previously reported by crypto.news. Trump is reportedly seeking Armstrong’s expertise in selecting potential appointees for his cabinet. Cardano founder Charles Hoskinson is also expected to visit Washington, D.C., to engage with policymakers.
Hoskinson endorsed Armstrong as a potential “Crypto-Czar” for the White House shortly after announcing his trip to the Capitol on 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
Rapid exits and Trump’s aces
A more crypto-friendly regulatory environment environment has begun to take shape following significant donation spending from the decentralized technology industry. Trump’s team is reportedly considering several pro-blockchain officials for key regulatory positions, including the Securities and Exchange Commission and the Manhattan U.S. Attorney’s Office in the Southern District of New York.
Key incumbent regulators such as SEC chair Gary Gensler, Federal Deposit Insurance Corporation chair Martin Gruenberg, and Manhattan U.S. Attorney Damian Williams have all either announced plans to resign or hinted at their departures by mid-January 2025.
Veteran securities lawyer Teressa Goody Guillén and former Binance U.S. CEO Brian Brooks floated as leading options for President Trump’s preferred new SEC chair.
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