Trump taps crypto advocate Stephen Miran as head of his Council of Economic Advisers

Key Takeaways

Bitcoin advocate Stephen Miran has been nominated by Donald Trump as chairman of the Council of Economic Advisers.
Miran supports the role of crypto in economic growth and criticizes the current financial regulatory framework as too much of a burden.

President-elect Donald Trump has selected Stephen Miran as his nominee to chair the Council of Economic Advisers (CEA). Miran, known as a pro-innovation and Bitcoin supporter, was previously a senior advisor for economic policy at the Treasury Department during Trump's first administration.

If confirmed by the Senate, he will head the CEA, which will advise the President on a variety of economic issues, focusing on policies that promote full employment, economic growth and stability.

“I am pleased to announce that I will nominate Stephen Miran to be Chairman of my Council of Economic Advisers,” Trump said. write on Social Truth. “Steve will work with the rest of my Economic Team to deliver Great Economic Prosperity that lifts all Americans.”

Miran, who holds a doctorate in Economics from Harvard University, is currently a Senior Strategist for Hudson's Bay Capital Management along with his fellowship at the Manhattan Institute.

“I am honored that President Trump has selected me to lead his Council of Economic Advisers,” Miran said in a post on X. “I look forward to working to help implement the President's policy agenda to create a prosperous, non-inflationary economy that will bring prosperity to the All Americans!”

Many in the crypto community have thrown support for Miran, including Michael Saylor, the executive chairman of MicroStrategy.

Miran's stance on crypto was reflected in his recent deed an interview with The Bitcoin Layer, where he criticized the current financial regulatory framework as too burdensome, arguing that it hinders financial institutions.

Miran also showed a strong belief in innovation as a key driver for economic growth, especially highlighting the potential role of crypto.

“I think that crypto has a huge role that it can play in innovation and in bringing in another economic boost of the Trump Administration,” he said.

Trump has appointed several figures who support crypto assets to key positions within the incoming administration, including Howard Lutnick, Robert F. Kennedy Jr., and Scott Bessent.

Trump has Paul Atkins to choose as a nominee for SEC chairman. Atkins is a former SEC commissioner known for his favorable stance on cryptocurrencies, which suggests a regulatory environment more conducive to the crypto industry.

Trump has also hired David Sack as AI and Crypto Czar. In this new role, Sacks will lead policy in two areas that he strongly supports. His appointment is a sign of commitment to fostering an anti-business environment for these sectors.

Trump's team is expected to appear soon nominee for CFTC chairmanwho, just like the chairman of the SEC, plays a key role in regulating the crypto sector.