President-elect Donald Trump has announced the appointment of Stephen Miran, a former Treasury official and economist at Hudson Bay Capital Management, as the new chairman of the Council of Economic Advisers (CEA).
Trump Appoints Crypto Advocate Stephen Miran as Chairman of Council of Economic Advisers
The CEA plays a key role in advising the president on economic issues, analyzing trends and formulating policies to promote growth and stability.
Miran, known for his pro-crypto stance, recently voiced his support for reforming U.S. cryptocurrency regulations to encourage innovation.
He has also criticized Federal Reserve Chairman Jerome Powell in the past for urging Congress to pass a stimulus bill in 2020, calling the move “politically and economically incorrect.”
Miran’s appointment aligns with Trump’s broader vision to position the U.S. as a global leader in cryptocurrency. Miran’s expertise and advocacy could signal a shift toward more crypto-friendly policies under the new administration.
The announcement follows other high-profile appointments by Trump aimed at strengthening the administration’s crypto focus:
Paul Atkins, a crypto advocate and former SEC Commissioner, has been elected as the new chairman of the Securities and Exchange Commission (SEC).
Bo Hines, a former congressional candidate, will serve as the Executive Director of the Presidential Council of Advisors for Digital Assets and will collaborate with the incoming “Crypto Czar” David Sacks.
Trump’s appointments reflect his determination to make the U.S. the “crypto capital of the planet.” He has also floated the idea of creating a strategic Bitcoin reserve, a concept that could have far-reaching implications for the global cryptocurrency market.
Miran’s appointment, combined with other crypto-focused leadership picks, signals a potential policy shift toward embracing digital assets under Trump’s administration.
The move is expected to generate both excitement and scrutiny as the US establishes its position in the rapidly evolving crypto world.
*This is not investment advice.