Trump Team Weighs Creating First-Ever ‘Crypto Czar’
Trump himself has several crypto businesses, having recently released his fourth collection of non-fungible tokens.
Kevin Wurm/Reuters
Donald Trump is considering creating a new White House position dedicated to overseeing cryptocurrency policy. According to Bloomberg, the president elect’s team is already vetting potential candidates. The post would be the White House’s first crypto-specific job. Trump himself has several crypto businesses, having recently released his fourth collection of non-fungible tokens and helped launch the crypto venture World Liberty Financial. Throughout his campaign, the president-elect promised to cut back crypto regulations, establish a presidential crypto advisory council and fire current Securities and Exchange Commission Chair Gary Gensler, who has hammered the digital asset industry. In recent days, however, several crypto allies have visited Mar-a-Lago to discuss the White House crypto position. Ex-Coinbase and Binance executive Brian Brooks, also a potential candidate for SEC chair, met with Trump on Tuesday, sources familiar with the meeting told Bloomberg. Coinbase Chief Executive Officer Brian Armstrong reportedly also spoke with the president-elect this week.
Register below to read this article for free or subscribe
to unlock unlimited access to The Daily Beast.
Monthly
$1
First month then $5.99/month
Annual
$35
First year then $59.99/year
Premium
$79
First year then $119.99/year
*Substack access provided by the next business day, using your subscription email. Choosing the Premium plan constitutes your permission to share your subscription email with Substack and your agreement to Substack’s Privacy Policy.
Already have an account? Sign In
Looks like you already have a subscription!
You're all set!
Thanks for subscribing.