PANews reported on November 21 that according to Bloomberg, the team of US President-elect Donald Trump is discussing with the digital asset industry whether to establish a White House position dedicated to cryptocurrency policy. According to people familiar with the matter, this will be the first White House position centered on cryptocurrency, and candidate screening is underway. It is uncertain whether the position will become a senior position or be called the "Crypto Czar", but industry advocates hope that the role will report directly to Trump. In addition, Trump promised during the campaign to fire Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), relax regulation of the crypto industry, and establish a presidential crypto advisory committee. Currently, the competition for candidates for the committee is fierce.
It is reported that former Coinbase and Binance.US executive Brian Brooks and Coinbase CEO Brian Armstrong met with Trump this week to discuss related matters. This position may serve as a bridge between Congress, the White House, and federal agencies such as the SEC and CFTC. More personnel discussions took place at Trump's private club Mar-a-Lago.
