President-elect Donald Trump’s transition team is reportedly considering establishing a dedicated White House position to focus on cryptocy policy, a groundbreaking move for the U.S. government. Sources familiar with the matter revealed this initiative to Bloomberg on Wednesday, though details on the role’s scope and structure remain unclear.
The new position could take the form of a senior staff advisory role or potentially a “crypto czar” to oversee the burgeoning digital asset space. Representatives from Trump’s transition team have not commented on these developments, underscoring the early stages of the planning process.
Trump’s pro-crypto stance was a hallmark of his campaign, during which he pledged to replace U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, advocate for a national Bitcoin reserve, commute Silk Road founder Ross Ulbricht’s life sentence, and establish a Crypto Presidential Advisory Council. These promises resonated with cryptocy advocates and positioned Trump as an ally of the industry.
Post-election, Trump has reinforced his crypto-friendly agenda by nominating key figures supportive of digital assets. Howard Lutnick, CEO of Cantor Fitzgerald, has been selected to lead the U.S. Department of Commerce, while Bitcoin proponent Robert F. Kennedy Jr. is set to become Secretary of Health and Human Services.
Crypto industry leaders have also engaged with Trump’s team to influence personnel appointments. Ripple CEO Brad Garlinghouse and executives from Circle have reportedly discussed potential candidates with Trump’s advisors. Coinbase CEO Brian Armstrong recently spoke with Trump directly about the future of cryptocy regulation, including leadership at the SEC and Commodity Futures Trading Commission (CFTC).
Stablecoin giant Tether has dramatically escalated its enforcement activity after blacklisting 370 blockchain addresses and freezing approximately $514.64 million worth…
Crypto exchange giant Coinbase experienced a major service outage that disrupted trading, transfers, and exchange operations after…
Cross-chain messaging protocol LayerZero has publicly apologized for its handling of the massive Kelp DAO exploitthat drained approximately $292…
Executives from PayPal and Google Cloud said the future of “agentic commerce” — where AI agents autonomously buy goods,…
Crypto exchange giant Kraken is making a major move deeper into the U.S. financial system after its…
A major national security scandal has erupted in Taiwan after prosecutors indicted a Taiwanese news…