Trump Proposes Creation of Permanent Crypto Advisor Position
President-elect Donald Trump plans to establish a permanent crypto advisor role in the White House. This position aims to connect Congress, regulators, and the White House to develop and oversee cryptocurrency policies. Although no candidates have been officially named, Brian Brooks, a former executive at Binance.US and Coinbase, is rumored to be considered.
The specific responsibilities of this role are not yet defined, but it may influence policy implementation and regulatory decisions. Trump's campaign has promoted a pro-crypto stance, pledging support for Bitcoin-friendly reforms and the appointment of industry advocates to significant financial positions. He also proposed creating a Bitcoin Reserve to encourage cryptocurrency growth.
Reports indicate that Trump's team has interviewed potential candidates, including discussions at Mar-a-Lago. No official comments on the selection process or other contenders have been made public.
During his campaign, Trump received informal advice on crypto policy from Bitcoin Magazine CEO David Bailey, who contributed to drafting executive orders supporting the industry. Bailey views the Bitcoin Reserve as a transformative policy that could enhance Bitcoin's growth in the U.S. Trump participated in Bailey’s conference in Nashville, indicating his commitment to the cryptocurrency sector.
While details about the new advisor role are still developing, it is anticipated to increase the influence of crypto-friendly advocates within the federal government. The scope of the advisor’s role—whether confined to the White House or expanded to a broader "crypto czar" function—remains uncertain. Nevertheless, establishing this position highlights Trump’s intention to integrate cryptocurrency into his administration’s economic policy.