Donald Trump

DeFi

Brian

US President-elect Donald Trump is considering creating the first-ever White House role dedicated entirely to crypto policy, according to a Nov. 20 Bloomberg report.
The report said that Trump is in the process of engaging with industry executives to decide whether or not the new role is necessary. He is reportedly vetting possible candidates for the role as well.
<img decoding="async" class="alignnone" src="https://upload.wikimedia.org/wikipedia/commons/thumb/4/4b/Donald_Trump_%2829496131773%29.jpg/2560px-Donald_Trump_%2829496131773%29.jpg" alt="Donald Trump" width="2560" height="1707">
<h2 id="span-style-font-weight-400-crypto-advocates-want-the-new-role-to-report-directly-to-donald-trump-span">Crypto Advocates Want The New Role To Report Directly To Donald Trump</h2>
It is still unclear whether the role will be another White House staff position or if a “crypto czar” will be established to coordinate policy between federal agencies. Regardless, crypto advocates want the new role to report directly to Trump.
According to the report, the person appointed for the potential role will direct a small staff while simultaneously mediating between Trump, Congress and numerous other federal agencies. These federal agencies include the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC).
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 HISTORY: PRO-<a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BITCOIN</a> CANTOR CEO HOWARD LUTNICK NAMED U.S. SECRETARY OF COMMERCE
 He has "hundreds of millions" invested in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> 🔥 <a href="https://t.co/Zx91nlOAOs" rel="noopener noreferrer nofollow">pic.twitter.com/Zx91nlOAOs</a>
 — The Bitcoin Historian (@pete_rizzo_) <a href="https://twitter.com/pete_rizzo_/status/1858960872259154348?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 19, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Crypto industry executives including Coinbase CEO <a href="https://insidebitcoins.com/news/coinbase-ceo-brian-armstrong-to-meet-with-trump-to-discuss-personnel-appointments-says-wsj" rel="noopener noreferrer nofollow">Brian Armstrong</a> and a former executive at the leading US crypto exchanges, Brian Brooks, met with Trump on Nov. 19, the report said.
<h2 id="span-style-font-weight-400-trump-presidency-could-benefit-defi-and-gaming-the-most-span">Trump Presidency Could Benefit DeFi And Gaming The Most</h2>
Pro-crypto Trump is expected to implement a more accommodating digital asset regulatory framework in the US. After his election victory, the market has started to rally off of the potential upcoming change in US crypto policy. <a href="https://insidebitcoins.com/news/microstrategy-chair-michael-saylor-to-pitch-btc-buying-strategy-to-microsoft-board-says-berkshire-and-apple-should-consider-btc" rel="noopener noreferrer nofollow">Bitcoin</a> also set a new all-time high above $97K in the last 24 hours.
While a sense of euphoria looms in the crypto market, Sky Mavis co-founder Jeffrey Zirlin believes blockchain gaming and decentralized finance (DeFi) will benefit the most from Trump’s win.
During a Nov. 21 interview at the YGG Play Summit in the Philippines, he said “The bottom line is that the token design space has now been massively opened up. I believe that’s most bullish for DeFi and gaming, which we believe are the most consequential sectors that have the most long-term substantive value in this industry.”
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/pepe-unchained-presale-shatters-40m-averaging-1-6m-daily-fomo-might-fire-100x-gains-after-tier-1-listings" rel="noopener noreferrer nofollow">Pepe Unchained Presale Shatters $40M – FOMO Might Fire 100x Gains After Tier 1 Listings</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/crypto-all-stars-races-past-4-million-as-meme-coins-soar-ahead-of-festive-season" rel="noopener noreferrer nofollow">Crypto All-Stars Races Past $4 Million As Meme Coins Soar Ahead Of Festive Season</a></li>
 <li style="font-weight: 400"><a href="https://insidebitcoins.com/news/stellar-price-prediction-for-today-november-21-xlm-technical-analysis" rel="noopener noreferrer nofollow">Stellar Price Prediction for Today, November 21 – XLM Technical Analysis</a></li>
</ul>

Donald Trump Mulls First-Ever Crypto White House Role: Report

Table of Contents

Inside Bitcoins

Other articles published on Nov 21, 2024

Bitcoin Cash (BCH) Nearing a ‘Violent Breakout’ as BTC Price Approaches $100k

Bitcoin Faces Major Risks: A Warning from Cyber Capital Founder

Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digi...

ETH Price Stalls as Ethereum DApp Volumes Hit 38% Monthly Growth

Cardano Price Prediction For November 21: 43% ADA Rally on Cards Today

The best iOS and Android crypto wallet app for Shibarium

Join our free newsletter for daily crypto updates!