Trump’s team is considering creating a White House role dedicated to crypto policy. A proposed “crypto czar” would provide industry with direct access to the president. Donald Trump’s past promises include ending the SEC’s crypto enforcement and creating Bitcoin reserves.
As President-elect Donald Trump prepares to take office, there are reports that his transition team is actively considering creating the first-ever White House position dedicated to crypto policy.
Bloomberg reports that discussions are underway to appoint a senior person to oversee the growing digital asset industry and its regulation at the highest levels of government.
The proposed role, often referred to as “crypto czar,” would give the crypto industry a designated point person in the White House and provide a direct line to the president.
Once established, this position will serve as a liaison between the digital asset sector, Congress, and key regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Industry advocates are calling for access to President Trump to play a key role in ensuring the industry’s concerns are heard at the highest levels of power.
Although no final decision has been made regarding the creation of the role, Trump’s team includes several members of the crypto industry, including former Binance.US CEO Brian Brooks and Coinbase CEO Brian Armstrong. He is said to have held discussions with several leaders.
These discussions signal the potential for significant changes in the way the U.S. government engages with the crypto industry.
Trump’s support for cryptocurrencies was evident during his campaign, when he promised to end SEC enforcement of digital assets and even proposed creating a Federal Strategic Bitcoin Reserve. Howard Lutnick’s appointment as Secretary of Commerce further reflects his involvement in the field, although Lutnick’s position does not have much influence over crypto regulation.
The role of crypto czar would allow the White House to more effectively address the complexities of crypto regulation and give the digital asset industry a more structured and prominent voice in policy-making. .
The creation of such a position would be a pivotal moment for the U.S. crypto industry as President Trump approaches his inauguration.
