President-elect Donald Trump continues to fill key roles in his administration with cryptocurrency advocates, indicative of his intent to make the U.S. the leading hub for digital assets. The latest appointment is Stephan Miran, a former official from Trump’s first administration and current economist with Hudson Bay Capital Management. Miran, known for his vocal support of Bitcoin, has been named as the chair of the Council of Economic Advisors (CEA), a body that advises the president on economic issues.
Miran has consistently expressed his support for crypto through his public platforms, championing the need for reformed crypto regulations in the U.S. to stimulate innovation. His appointment augments a team already known for its crypto-friendly stand. This includes Paul Atkins, a previous Commissioner at the Securities and Exchange Commission (SEC) during the George W. Bush administration, who Trump has appointed as the incoming SEC chair.
Not just limited to beefing up the CEA and SEC, Trump’s crypto campaign extends to the Presidential Council of Advisers for Digital Assets too. Former congressional candidate Bo Hines has been appointed as its Executive Director. While Hines hasn’t previously shown any crypto advocacy, Trump, who had endorsed Hines during his Congressional run, hinted that Hines would be working alongside the incoming “Crypto Czar,” David Sacks to advance the administration’s crypto agenda.
This string of key appointments reveals that the Trump administration is firm on its course to position the U.S. at the forefront of the digital assets revolution. The president has earlier voiced his aspiration to transform the U.S. into the “crypto capital of the world,” even suggesting the formation of a strategic bitcoin reserve.