REPORT: Trump Is Working To Create The First White House Crypto Position

President-elect Donald Trump’s team is currently in talks with digital assets experts about the possibility of creating a new White House position that is dedicated entirely to cryptocurrency policy, according to a report from Bloomberg News.

People familiar with the Trump transition team’s efforts told the outlet that several candidates are currently being evaluated for the position, which would be the first crypto-specific office in the history of the United States.

It is unclear whether the jobholder will be given an official role in the White House staff, or if they will be designated as a “crypto czar.” Presidents have long appointed officials to serve in a number of regulatory under the title of “czar” without an official confirmation process. Cryptocurrency advocates are pushing for the officeholder to have a direct line to President-elect Trump.

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The president-elect has yet to comment on the reports.

This past summer, Trump positioned himself as the pro-cryptocurrency candidate when he addressed the annual Bitcoin conference in Nashville.

Then-candidate Trump argued that the United States must maintain a dominant position in the sector or risk ceding influence and control to the Chinese Communist Party. “If we don’t embrace crypto and bitcoin technology, China will, other countries will. They’ll dominate, and we cannot let China dominate. They are making too much progress as it is,” he said.

To that end, Trump vowed to create an establish presidential advisory council and create a national “stockpile” of bitcoin. This would be done using cryptocurrency already held by the U.S. government after being seized through various law enforcement operations.

“Never sell your bitcoin,” Trump said in his keynote address. “If I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future.”

In addition, Trump called for increased involvement in Bitcoin mining on the sort of U.S. firms. “This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world and we’ll get it done,” he added.

Leading figures in the cryptocurrency industry such as former Coinbase Global Inc. and Binance.US executive Brian Brooks have met with Trump recently at Mar-a-Lago, while Coinbase Global Inc. CEO Brian Armstrong also spoke with the president-elect this week, Newsmax reported.

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