President-Elect Donald Trump’s plans to create a dedicated digital asset policy team take shape.
A Trump Crypto Council in the Making
President-elect Donald Trump’s transition team is evaluating candidates for the inaugural crypto-focused office in the White House, marking a historic shift in federal digital asset policy. This initiative aligns with Trump’s campaign pledge to support U.S. blockchain innovation, potentially through the creation of a national crypto council.
The proposed office would oversee policies related to cryptocurrency and collaborate with industry leaders to establish a regulatory framework. High-profile discussions have taken place, including private meetings between Trump and Coinbase CEO Brian Armstrong, who has been considered a key advisor in this domain.
Leadership Prospects
Cardano founder Charles Hoskinson endorsed Armstrong for a leadership role, citing his ability to unify the crypto industry and drive legislative reforms. Hoskinson himself is actively engaging with Congress to advance pro-crypto legislation, leveraging his experience from state-level policy successes in Wyoming.
Meanwhile, names like veteran securities lawyer Teressa Goody Guillén and former Binance U.S. CEO Brian Brooks are being floated as potential replacements for current regulators, including SEC Chair Gary Gensler, who is expected to step down by January 2025.
The Road Ahead
Trump’s crypto-friendly approach comes as significant changes in regulatory leadership and increased industry lobbying set the stage for a more innovation-driven federal policy on digital assets.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
