Report: Trump considers establishing inaugural cryptocurrency role at White House
the growing importance of the crypto industry in the Trump administration. During his campaign, Trump promised to make America the “world’s crypto capital” and ease regulatory restrictions on the industry.
Industry executives, including Coinbase CEO Brian Armstrong, have met with Trump to discuss the potential role. Trump’s transition team is also considering appointing a current or former CFTC official to chair the financial regulatory agency.
Summer Mersinger, a Republican CFTC commissioner, is among those being considered for the role. She has advocated for a more flexible approach to crypto regulation, criticizing the current enforcement-focused strategy of the agency.
In addition to potentially creating a White House crypto post, Trump has nominated Howard Lutnick, a known cryptocurrency supporter, to be his secretary of commerce. Following Trump’s election win, shares of Coinbase saw a significant increase, reaching over $300 for the first time since 2021.
Industry experts believe that the incoming Trump administration will be more favorable to the crypto industry, leading to less regulatory pressure on companies like Coinbase. This news has been welcomed by investors and industry advocates alike, as it signals a potentially brighter future for the crypto market under the new administration.
