Trump’s team vets for first White House crypto role

President Donald Trump and his team are moving closer to creating a crypto council as promised to the digital industry and a new office in the White House.

Trump’s transition team is considering candidates to lead a first-of-its-kind crypto office in the White House that will focus solely on digital asset policies in the United States. According to Bloomberg, Trump’s team has been in communication with leaders in the blockchain industry as his administration advances efforts to support US crypto innovation.

This newly proposed role could also oversee the crypto council, an idea Trump floated during his campaign.

Crypto in the White House

Chairman-elect and Coinbase CEO Brian Armstrong recently scheduled a private meeting followed by a phone call, as previously reported by crypto.news. Trump reportedly sought Armstrong’s expertise when selecting potential appointees to his cabinet. Cardano founder Charles Hoskinson is also expected to visit Washington DC to meet with policymakers.

Shortly after announcing his trip to the Capitol on X, Hoskinson endorsed Armstrong as a potential “Crypto-Czar” for the White House.

I know he can build a broad tent coalition to bring the industry together and help rally the government behind real action, including passing new laws.

For my part, as I have worked with the legislature in Wyoming to pass 31 crypto bills, I am focusing much of my efforts on the House and Senate to help facilitate legislative efforts that will eliminate the abuses of the current federal government once and for all. and open the floodgates for the old world to enter crypto.

Charles Hoskinson, founder of Cardano

Quick exits and Trump’s aces

Following significant donor spending from the decentralized technology industry, a more crypto-friendly regulatory landscape has begun to take shape. The Trump team is reportedly considering several pro-blockchain officials for key regulatory positions, including at the Securities and Exchange Commission and the Manhattan U.S. Attorney’s Office in the Southern District of New York.

Key regulators such as SEC chairman Gary Gensler, Federal Deposit Insurance Corporation chairman Martin Gruenberg, and Manhattan U.S. Attorney Damian Williams have all either announced plans to resign or hinted they will leave by mid-January 2025.

Veteran securities attorney Teressa Goody Guillén and former Binance US CEO Brian Brooks were among the leading choices for President Trump’s preferred new SEC chairman.