Trump Explores Unprecedented White House Crypto Policy Role
In a potentially transformative move for the digital assets landscape, President-elect Donald Trump’s transition team is actively considering establishing the first-ever White House position dedicated exclusively to cryptocurrency policy, according to multiple sources including Bloomberg.
The proposed role, which remains fluid in its precise definition, could serve as a critical bridge between the executive branch, congressional bodies, and key regulatory agencies like the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Industry advocates are pushing for the position to report directly to Trump, signaling a potentially significant upgrade in cryptocurrency’s governmental recognition.
Bloomberg reported that Trump’s team has been engaging with prominent cryptocurrency executives to gauge the role’s potential impact and structure. Notable meetings have included discussions with Coinbase CEO Brian Armstrong and former Binance.US CEO Brian Brooks, indicating the administration’s serious intent to understand and potentially reshape the digital asset regulatory environment.
The potential appointment aligns closely with Trump’s campaign promises to revolutionize crypto regulation. During his campaign, he pledged to fire SEC Chair Gary Gensler, create a Presidential Crypto Advisory Council, and position the United States as the “world’s crypto capital.“
While the exact responsibilities remain undefined, sources suggest the role could coordinate policy across federal agencies and potentially mediate between various stakeholders in the cryptocurrency ecosystem. The position might function similarly to other specialized “czar” roles that have existed in previous administrations, focusing on high-priority strategic issues.
Key industry figures like Cardano founder Charles Hoskinson have already begun speculating about potential leadership, with Hoskinson publicly endorsing Armstrong as a potential “Crypto-Czar” who could build a comprehensive coalition within the industry.
The possible creation of this role comes amid a broader landscape of anticipated regulatory changes. Several incumbent regulators, including SEC Chair Gary Gensler and FDIC Chair Martin Gruenberg, have signaled potential departures, creating opportunities for more crypto-friendly appointments.
Trump’s team is reportedly considering several pro-blockchain officials for key regulatory positions, including potential replacements at the SEC such as veteran securities lawyer Teressa Goody Guillén and Brian Brooks.
The cryptocurrency market has already shown positive reactions to these developments. Following Trump’s election, Coinbase’s shares surged past $300 for the first time since 2021, with market analysts noting potential reduced regulatory pressure under a Trump administration.
As the digital asset industry continues to evolve, this potential White House crypto policy role represents a significant milestone in mainstream cryptocurrency integration, potentially setting a precedent for future presidential administrations.
