The White House is about to welcome its first Crypto advisor?

Source: Blockchain Knights

According to Bloomberg, Trump's transition team is considering creating a new White House position dedicated to Crypto asset policy.

The report coincides with some speculation, especially about whether the new administration will include leaders who support Crypto assets.

Trump's support for digital assets was already evident during his presidential campaign.

The report said that sources familiar with the transition work revealed that the Trump team is actively reviewing candidates for this position, which would mark the first time that a position dedicated to Crypto assets has been established in the White House.

However, Bloomberg noted that the specific nature of the position, whether it will be a senior staff member or a "Crypto Czar" responsible for overseeing federal policy, remains uncertain.

Advocates within the industry are pushing for the new position to maintain direct communication with Trump, emphasizing the importance of having a strong voice in the government to represent the interests of digital assets.

During the campaign, Trump actively engaged with the Crypto asset community and promised a more favorable stance toward the industry, which could lead to further adoption and approval of new investment tools beyond BTC and Ethereum.

Trump also said he plans to replace Gary Gensler, the current chairman of the SEC (U.S. Securities and Exchange Commission), who has a record of law enforcement supervision, and to establish a new presidential advisory committee focused on digital assets.

Interestingly, Bloomberg revealed on Wednesday that industry representatives are currently looking for candidates who may serve on the presidential advisory committee.

Discussions about the proposed Crypto asset role include considering appointing someone to lead a small working team as a link between Congress, the White House, and regulators such as the SEC and CFTC.

This position will reportedly play a key role in developing Crypto asset policies and facilitating communication between different government agencies.

However, Trump's transition team has not yet provided further information or made an official statement on the matter.

Trump’s engagement with the digital asset space has included multiple meetings with executives at BTC mining companies and Crypto asset exchanges, as well as a speech at the National BTC Conference in July.

Bloomberg also revealed that Crypto asset allies have visited Trump’s Mar-a-Lago resort in recent days, where members of the transition team are conducting interviews and personnel discussions.

Among those who allegedly met with Trump was Brian Brooks, a former executive at Coinbase and Binance.US, who is also being considered for the position of SEC Chairman.

In addition, Bitcoinist reported that Coinbase CEO Brian Armstrong spoke with Trump this week, highlighting the government’s engagement with leading figures in the digital asset market.