Trump appointed Stephen Miron as chairman of the Council of Economic Advisers
President-elect Trump has named economist and former adviser Stephen Miran as chairman of the Council of Economic Advisers, which advises the executive on economic policy and strategy, according to a Dec. 22 social media announcement.
Miran previously served as a senior adviser on economic policy at the US Treasury Department during the first Trump administration. In a recent episode of The Bitcoin Layer podcast, the US should focus on pro-innovation policies and told the podcast host:
“I think financial regulation is going to be a powerful part of that. I think that's a big role that crypto can play in innovation and another Trump administration has a big role to play in driving economic growth.”
As Donald Trump continues to select pro-crypto and pro-innovation officials for his cabinet, many in the crypto community hailed Mira's appointment as a positive development for the crypto industry.
Source: Stephen Miran
Related: Trump May ‘One Day' Use Bitcoin As America's Reserve Asset – How High Will BTC Price Go?
Trump will nominate pro-crime individuals for the second administration
On December 4, 2024, Donald Trump appointed Gary Gensler as chairman of the Securities and Exchange Commission, replacing Paul Atkins.
President-elect Atkins cited his experience as an SEC commissioner from 2002-2008 and his understanding of digital assets as co-chair of the Digital Chamber Token Alliance as reasons for his nomination.
On December 6, Trump appointed David Sachs as AI and crypto czar – the leading policy advisor on artificial intelligence and digital assets. Sachs is pro-crypto and previously served as PayPal's chief operating officer.
In an appearance on Anthony Pompliano's podcast, Sachs argued that bitcoin could separate money and status due to its independent and decentralized nature.
Trump's pro-crypto appointments and the creation of a strategic bitcoin reserve have analysts and researchers predicting a 7-figure price for BTC.
Cathy Wood, founder of asset manager Arc Invest, has predicted a $1 trillion bitcoin price by 2030 due to the pro-crypto policies of the upcoming Trump administration.
The president-elect's son, Eric Trump, has also said that the price of one bitcoin will reach $1 million per coin due to a shortage of supply.
Magazine: Crypto has 4 years to grow so big ‘no one can shut it down': Cain Warwick, Infinex
