Trump mulls creating first White House crypto post: Report
President-elect Donald Trump is considering establishing a new White House position focused on cryptocurrency policy. Discussions with industry executives are ongoing to assess the necessity of this role, which could be the first dedicated to crypto in the White House. Trump aims to position America as the "world's crypto capital" and reduce regulatory pressures on the industry. The role may involve coordinating policy among federal agencies like the SEC and CFTC, with advocates pushing for direct reporting to Trump. Executives from Coinbase have met with Trump, and potential candidates for leadership positions at the CFTC include Summer Mersinger, who supports a more lenient regulatory approach. Following Trump's election, Coinbase shares rose significantly, reflecting optimism about a favorable regulatory environment for cryptocurrencies.
