Considering the information circulating so far, the president-elect of the United States, Donald Trump, seems willing to honor his commitment to the Bitcoin (BTC) ecosystem, and is now planning to create a new position in the White House dedicated exclusively to establish guidelines related to cryptocurrencies.
According to the information published in Bloomberg This November 20, the Trump team working on the transition process is talking with members of the ecosystem to determine if that figure is necessary.
It is a person or a team who would be in charge of coordinating Cryptocurrency policies between federal agencies, who at the same time will work alongside the president.
So far, it is unclear whether the role will be held by a member of the White House staff or by a prominent figure within the cryptocurrency community, who would join the presidency to exercise that role.
In any case, industry advocates are known to be pushing so that the position report directly to Trump. Executives such as Coinbase CEO Brian Armstrong and former Coinbase executive Brian Brooks reportedly spoke with the president about this issue on November 19, Bloomberg reports.
The possibility that there is a figure next to Trump advising him on cryptocurrencies has aroused the interest of officials and even military personnel such as Jason Lowery, commander of the United States Space Force and defender of bitcoin’s role in defense strategies.
Lowery posted multiple messages in X showing your interest in occupying the new role. He assures that an application has already been submitted to serve as a military advisor on the National Security Council. Its goal is to advise on the strategic importance of proof of work technology (PoW) that supports the Bitcoin network.
Following in Bukele’s footsteps
If the plan comes to fruition, a new figure would be created that had never been present in the White Housewith the goal of coordinating government policies on Bitcoin. Everything indicates that, in this second term, Trump will apply some of the guidelines that President Nayib Bukele has already implemented in El Salvador.
As part of his strategy, the Salvadoran president created in 2022 the Bitcoin Office, an entity that depends on the presidency. As reported by CriptoNoticias, this office will be in charge of “designing, diagnosing, planning, programming, coordinating, monitoring, measuring, analyzing and evaluating plans, programs and projects related to Bitcoin.”
Bukele saw the creation of the entity as necessary in order to have support to evaluate everything related to bitcoin, “with a view to the economic development of the country.” in front meet Stacy Herbert and Max Keizera couple of American journalists nationalized as Salvadorans, well known in the ecosystem for promoting the use of bitcoin.
In any case, the president-elect still needs to formalize the creation of the new position. What could happen in the coming months, before the inauguration. Meanwhile, Trump’s transition team also is considering current and former officials -as well as experts- to preside over the financial sector regulatory agencies that are key to the regulation of the sector: the CFTC and the SEC.
From what is known, the new president’s idea is that his cabinet is full of pro-bitcoin officials. In that sense, a long list of names of figures known for supporting the ecosystem is being considered. who could hold those positions and would allow Trump to keep his promises and show his willingness to promote theyesdevelopment of this industry in USA
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