As per a recent Bloomberg report, Donald Trump and his transition team are reportedly considering the creation of a dedicated White House position to oversee cryptocurrency policy, according to a Bloomberg report released Wednesday. This role, if established, would mark the first time a cryptocurrency-focused position has been included at the White House level.

Presidents often appoint “czars” to handle critical issues such as climate change or border security. Introducing a crypto czar within the Trump administration would provide the digital asset industry with an unprecedented advocate—a direct point of contact to address industry concerns and influence policy with the president’s attention.

While no final decision has been made, Trump’s team has reportedly engaged in discussions about the role with several industry leaders, signaling a potential shift in how the federal government approaches crypto policy.

Resources:

Bloomberg