Donald Trump

Elon Musk

<p>President-elect Donald Trump is advancing a groundbreaking initiative to create a dedicated White House role for cryptocurrency policy. This “<strong>Crypto Czar</strong>” position is designed to simplify blockchain regulations and establish the U.S. as a global leader in digital asset innovation.</p> 
<p>The role aims to act as a central bridge between Congress, the SEC, the CFTC, and the White House. Trump’s campaign promises, including reducing regulatory barriers for blockchain companies and creating a National Bitcoin Reserve, reflect his focus on fostering innovation over restrictive policies.</p> 
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   <p lang="en" dir="ltr">Heading to DC <a href="https://t.co/0TTIgwYmn7">pic.twitter.com/0TTIgwYmn7</a></p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1859273792847278136?ref_src=twsrc%5Etfw">November 20, 2024</a>
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<p>Key industry figures, including Coinbase CEO Brian Armstrong and Cardano founder Charles Hoskinson, have been consulted about this role. Hoskinson has endorsed Armstrong for the position, praising his ability to unite the crypto industry and drive government action, including passing pro-crypto laws.</p> 
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   <p lang="en" dir="ltr">With respect to the idea of a Crypto-Czar at the Whitehouse, I feel the role needs to be filled with someone who is neutral, works with all the protocols, and has a deep understanding of why crypto is special as well as what the US government under Biden has done wrong. <br><br>There…</p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1859312190219862175?ref_src=twsrc%5Etfw">November 20, 2024</a>
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<p>Hoskinson also highlighted his success in Wyoming, where he helped pass 31 crypto laws. He emphasized the need to replicate these efforts federally to eliminate regulatory hurdles and enable blockchain to flourish. This initiative signals a new era of collaboration between government and the crypto industry.</p> 
<h2 class="wp-block-heading" id="h-forging-a-national-crypto-alliance">Forging a National Crypto Alliance</h2> 
<p>In addition to the <strong>Crypto Czar</strong> role, the Trump administration is exploring the establishment of a National Crypto Council. This council is envisioned as a collaborative platform where government policymakers and blockchain industry leaders can come together to develop innovative and unified blockchain strategies. The initiative aims to strengthen the U.S.’s position as a global hub for crypto development.</p> 
<p>The council is expected to address jurisdictional overlaps between agencies such as the SEC and CFTC, which have long caused confusion for crypto companies. By centralizing regulatory oversight under a single body, the council seeks to reduce bureaucratic hurdles and provide clearer guidance for blockchain enterprises operating in the U.S.</p> 
<p>Key responsibilities of the council include drafting national crypto policies, coordinating legislative initiatives, and fostering partnerships between the public and private sectors. Supporters argue that this structure will drive innovation, attract international investments, and bolster the U.S. blockchain ecosystem.</p> 
<p>If successfully implemented, the National Crypto Council could become a cornerstone of U.S. blockchain policy, fueling significant economic growth and positioning the nation as a global leader in digital asset development.</p> 
<h2 class="wp-block-heading" id="strong-influential-figures-driving-trump-s-crypto-vision-strong"><strong>Influential Figures Driving Trump’s Crypto Vision</strong></h2> 
<p>The Trump administration is rallying influential leaders from the blockchain industry and beyond to spearhead its crypto strategy. These individuals bring diverse expertise, blending private-sector innovation with public policy experience, to shape a forward-thinking regulatory framework.</p> 
<p>1. <strong>Elon Musk</strong>&nbsp;– Co-leader of the Department of Government Efficiency (DOGE), leveraging blockchain to streamline federal operations and reduce waste.</p> 
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   <p lang="en" dir="ltr">Department of Government Efficiency <a href="https://t.co/HFeHYNIkJN">pic.twitter.com/HFeHYNIkJN</a></p>— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1832319390940881133?ref_src=twsrc%5Etfw">September 7, 2024</a>
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<p>2. <strong>Vivek Ramaswamy</strong>&nbsp;– Partnering with Musk in DOGE, focusing on modernizing government systems and driving efficiency through blockchain.</p> 
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   <p lang="en" dir="ltr">JUST IN: Elon Musk and Vivek Ramaswamy to launch "Dogecast" podcast for the Department of Government Efficiency. <a href="https://t.co/RPHyqUcwri">pic.twitter.com/RPHyqUcwri</a></p>— Watcher.Guru (@WatcherGuru) <a href="https://twitter.com/WatcherGuru/status/1859379318394069444?ref_src=twsrc%5Etfw">November 20, 2024</a>
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<p>3. <strong>Brian Brooks</strong>&nbsp;– Former Binance.US CEO and Acting Comptroller of the Currency, a strong candidate for SEC Chair, advocating for innovation-friendly policies.</p> 
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   <p lang="en" dir="ltr">Whoever <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> appoints as SEC chair won’t be starting from scratch. In his last administration President Trump built the infrastructure for two ATH cycles. Remember: <a href="https://t.co/qFpkneiOuF">https://t.co/qFpkneiOuF</a></p>— Brian Brooks (@BrianBrooksUS) <a href="https://twitter.com/BrianBrooksUS/status/1857965275356013036?ref_src=twsrc%5Etfw">November 17, 2024</a>
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<p>4. <strong>Howard Lutnick</strong>&nbsp;– Appointed Commerce Secretary, tasked with integrating blockchain into national trade policies.</p> 
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   <p lang="en" dir="ltr">Thank you, President Trump for your trust in me to help Make America Great Again. As the next Secretary of Commerce, I will join the best administration the US has ever seen and unleash our full economic potential. <a href="https://t.co/CTr0sdH6nt">pic.twitter.com/CTr0sdH6nt</a></p>— Howard Lutnick (@howardlutnick) <a href="https://twitter.com/howardlutnick/status/1858994052504711380?ref_src=twsrc%5Etfw">November 19, 2024</a>
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<p>5. <strong>Brian Armstrong</strong>&nbsp;– CEO of Coinbase, providing strategic input on crypto policies and advising on cabinet appointments.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">HOROWITZ: "The Biden regulators lied about Crypto and said "we have to protect consumers," but as they were terrorizing every compliant and legal company, they let all the crazy fly-by-night memecoins and scams run, because they wanted to destroy the industry and destroy trust… <a href="https://t.co/TExk1UNSwl">pic.twitter.com/TExk1UNSwl</a></p>— Autism Capital 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9e9.png" alt="🧩" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@AutismCapital) <a href="https://twitter.com/AutismCapital/status/1856534160049086547?ref_src=twsrc%5Etfw">November 13, 2024</a>
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<p>6. <strong>Charles Hoskinson</strong>&nbsp;– Founder of Cardano, emphasizing the need for a unified blockchain strategy and advocating for pro-crypto federal legislation.</p> 
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   <p lang="en" dir="ltr">Heading to DC <a href="https://t.co/0TTIgwYmn7">pic.twitter.com/0TTIgwYmn7</a></p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1859273792847278136?ref_src=twsrc%5Etfw">November 20, 2024</a>
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<p>These key figures illustrate Trump’s commitment to aligning government initiatives with industry expertise. By involving leaders with deep roots in blockchain and technology, the administration aims to create policies that foster innovation while ensuring regulatory clarity.</p> 
<p>This assembly of talent reflects a strategic approach to balancing innovation and oversight, ensuring the U.S. remains competitive in the global blockchain economy.</p> 
<p><strong>Related</strong> <a href="https://decrypt.co/292676/trump-considering-crypto-czar-white-house">Trump Team Considering First-Ever Crypto White House Role: Bloomberg</a></p> 
<h2 class="wp-block-heading" id="h-trump-vs-gary-gensler">Trump VS Gary Gensler</h2> 
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<p>President-elect Donald Trump’s relationship with SEC Chair Gary Gensler has been marked by direct criticism and a pledge for regulatory change. Trump, who has openly opposed Gensler’s enforcement-heavy approach, views his policies as stifling innovation in the blockchain industry. Trump’s campaign promise to replace Gensler underscores his commitment to fostering a pro-crypto regulatory environment.</p> 
<p>Speculation is growing that Gensler may resign voluntarily, aligning with the tradition of SEC chairs stepping down after a presidential election. A tweet from legal analyst MetaLawMan highlighted this pattern: Mary Jo White resigned after Trump’s 2016 election, and Jay Clayton stepped down after Biden’s victory in 2020. With Trump’s 2024 re-election, the crypto community is calling for Gensler’s departure, signaling a demand for change in SEC leadership.</p> 
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   <p lang="en" dir="ltr">Time to say Goodbye Gary!<br><br>Nov. 8, 2016: Trump elected<br>Nov. 14, 2016: Mary Jo White (SEC Chair) announces her resignation<br><br>Nov. 3, 2020: Biden elected<br>Nov. 16, 2020: Jay Clayton announces resignation<br><br>Nov. 5, 2024: Trump elected<br>Nov. __, 2024: Hey <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw">@GaryGensler</a>, we're waiting</p>— MetaLawMan (@MetaLawMan) <a href="https://twitter.com/MetaLawMan/status/1856330171533423030?ref_src=twsrc%5Etfw">November 12, 2024</a>
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<p>If Gensler does not step down, Trump is expected to appoint a pro-crypto figure to replace him. Potential successors include industry-friendly candidates such as Brian Brooks, Paul Atkins, and Dan Gallagher, who advocate for balanced policies that prioritize innovation while addressing regulatory concerns.</p> 
<p>This anticipated leadership shift reflects Trump’s broader strategy to align federal regulatory agencies with the needs of the blockchain sector. By removing barriers like Gensler, the administration aims to create a regulatory framework that encourages growth and innovation in the digital asset industry.</p> 
<p><strong>You can also read thi</strong>s <a href="https://pexx.com/chaindebrief/microstrategy-raises-1-75-billion-for-bitcoin-acquisition/">MicroStrategy Raises $1.75 Billion for Bitcoin Acquisition</a></p> 
<h2 class="wp-block-heading" id="h-p-ro-crypto-congress-lays-the-foundation-for-trump-s-blockchain-revolution">P<strong>ro-Crypto Congress Lays the Foundation for Trump’s Blockchain Revolution</strong></h2> 
<p>The pro-crypto surge in the 2024 elections bolsters President-elect Donald Trump’s push to integrate blockchain policies into the federal government. With initiatives like the creation of a&nbsp;<strong>Crypto Czar</strong>&nbsp;and the proposed&nbsp;<strong>National Crypto Council</strong>, the new Congress, dominated by pro-crypto lawmakers, provides robust legislative support for Trump’s blockchain-focused agenda.</p> 
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 <img loading="lazy" decoding="async" width="770" height="642" src="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-19.png" alt="Data on Pro-Crypto Regions in the US" class="wp-image-39051" srcset="https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-19.png 770w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-19-300x250.png 300w, https://pexx.com/chaindebrief/wp-content/uploads/2024/11/image-19-768x640.png 768w" sizes="(max-width: 770px) 100vw, 770px">
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  Data on Pro-Crypto Regions in the US | <strong>Source: standwithcrypto</strong>
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<p>Data from Coinbase’s&nbsp;<strong>Stand With Crypto (SWC)</strong>&nbsp;initiative reveals that 247 pro-crypto candidates were elected to the House of Representatives and 15 to the Senate. These victories significantly outnumber anti-crypto lawmakers and signify a major legislative shift. Key wins, such as Senator-elect Bernie Moreno’s victory over crypto skeptic Sherrod Brown in Ohio, demonstrate the growing influence of blockchain advocates in shaping U.S. policy.</p> 
<p><strong>You can also read this</strong> <a href="https://pexx.com/chaindebrief/doge-gains-coinbase-ceos-backing-as-a-path-to-u-s-economic-freedom/">DOGE Gains Coinbase CEO’s Backing as a Path to U.S. Economic Freedom</a></p> 
<p>This alignment between Congress and the executive branch creates the groundwork for pivotal legislative reforms, including the proposed transfer of digital asset oversight from the SEC to the CFTC. Such a move would address jurisdictional overlaps and streamline regulatory processes, fostering a clearer and more innovation-friendly environment for blockchain companies.</p> 
<p>With a pro-crypto Congress now in place, Trump’s administration is well-positioned to implement sweeping reforms. This collaboration is expected to unlock significant economic potential, attract global blockchain investments, and solidify the U.S.’s role as a leader in the global digital economy.</p> 
<p><strong>You can also read thi</strong>s <a href="https://pexx.com/chaindebrief/stablecoin-payment/">Donald Trump’s Return: Implications for the Stablecoins Market</a></p> 
<p><em>[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]</em></p>

Trump Pushes for New White House Crypto Role

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