Trump Administration Explores First-Ever White House Crypto Role

On the campaign trail, Trump expressed strong support for the crypto sector, promising to replace current SEC Chair Gary Gensler—who has been criticized for his regulatory approach to digital assets—and to scale back regulation. Trump also pledged to establish a new crypto-focused presidential advisory council, with industry leaders now vying for spots on this group, sources said.

Over the summer, Trump held several meetings with executives from Bitcoin mining companies and crypto exchanges and addressed a Bitcoin conference in July. He also has personal business ties to the crypto industry, having recently launched his fourth collection of nonfungible tokens (NFTs) and co-founding a new venture called World Liberty Financial.

The proposed crypto role would potentially lead a small staff and act as a liaison between Congress, the White House, and federal agencies like the SEC and the Commodity Futures Trading Commission (CFTC), according to Bloomberg.

Recent discussions have taken place at Trump’s private club, Mar-a-Lago, where his team is conducting interviews and personnel meetings. Notably, former Coinbase and Binance.US executive Brian Brooks, who is also being considered for SEC chair, met with Trump on Tuesday. Coinbase CEO Brian Armstrong also reportedly spoke with Trump this week.