President-elect Donald Trump announced over the weekend that he is appointing Stephan Miran, a former Treasury Department official from Trump's first White House, and current economist with Hudson Bay Capital Management, as chairman of the Council of Economic Advisers (CEA).
The role of the CEA is to advise the president on economic matters, including evaluating the effectiveness of federal policies and programs, analyzing economic trends, and creating recommendations to promote growth and stability.
Miran has long been an advocate for crypto, recently appearing on Blockworks' Forward Guidance podcast. He has previously tweeted about how crypto regulations need to be reformed in the US to allow innovation to flourish.
Miran has criticized Fed Chairman Jerome H. Powell as “politically and economically wrong” for urging Congress to pass a stimulus bill in October 2020.
It never ceases to amaze me how much of the “innovation” in the last few decades is simply due to regulations going around. Uber, crypto, Airbnb…
And while binance did some bad shit (helping fund Iran, Hamas), maybe we should streamline a lot of regulations https://t.co/1pR3cqqBUy
– Stephen Miran (@SteveMiran) November 21, 2023
This post comes as Trump himself has promised to make the US the “crypto capital of the planet” and earlier floated the idea of a strategic bitcoin reserve.
Recently, Trump announced that he was appointing crypto advocate Paul Atkins as chairman of the Securities and Exchange Commission. Atkins previously served as Commissioner of the SEC during the George W. Bush administration.
Trump also appointed former congressional candidate Bo Hines as Executive Director of the President's Council of Advisors on Digital Assets.
In a post on Truth Social, Trump said Hines would collaborate with David Sacks, the incoming “Crypto Czar,” to advance the administration's crypto agenda.
While Trump endorsed Hines in his Congressional run, Hines has no history of crypto advocacy.
Source: https://www.coindesk.com/policy/2024/12/23/trump-names-crypto-friendly-stephen-miran-as-chair-of-council-of-economic-advisers