① Trump nominates "crypto supporter" Stephen Miran as the chairman of the White House Economic Advisory Council, indicating that his second term will be more inclined to integrate Cryptos into a broader economic vision. ② In a statement, Trump stated that Miran will work with the economic team to achieve an economic prosperity that benefits all Americans.
On December 23, according to Caijing Network (Editor: Huang Junzhi), since Trump's election, he has repeatedly shown his determination to support Cryptos. Last Sunday, he nominated "crypto supporter" Stephen Miran as the next chairman of the White House Economic Advisory Council. However, Miran's appointment must be approved by the USA Senate.
The council is a three-member panel that provides Trump with advice on domestic and international economic policies. Trump's appointment of Miran indicates that his second term will be more willing to integrate Cryptos into his broader economic vision.
In a statement, Trump said that Stephen Miran served as a senior economic policy advisor at the US Department of the Treasury during his first term and holds a PhD in economics from Harvard University. Miran will collaborate with other members of Trump's economic team to revitalize the US economy.
Steve will work with other members of my economic team to achieve an economic prosperity that benefits all Americans." He added.
Miran himself replied: "I am very honored that President Trump has chosen me to lead his Economic Advisory Council. I look forward to working hard to help implement the president's policy agenda and create a prosperous, inflation-free economy that brings prosperity to all Americans!"
"I believe that Cryptos may play an important role in innovation and leading another economic prosperity under the Trump administration," he added.
Miran is currently a senior strategist at hedge fund Hudson Bay Capital Management.
This is clearly another action by Trump in support of Cryptos. Earlier this month, Trump appointed Paul Atkins as the next chairman of the USA Securities and Exchange Commission (SEC). Due to Atkins' long-standing support for the Cryptos field, Bitcoin surged past the $0.1 million mark, although the price has since retraced.
Then, Trump appointed former PayPal COO David O. Sacks as the head of AI and Cryptos affairs at the White House. This latest appointment marks the first time the USA federal government has established a position specifically responsible for Cryptos and AI policy.
Since this year's election, Trump's attitude towards Cryptos has shifted 180 degrees, which is completely different from his first term. He even promised to make the USA the Global capital of Cryptos and supports the idea of establishing a strategic Bitcoin reserve.
In this regard, Trump's son Eric Trump previously explained that after the Capitol riot on January 6, 2021, Cryptos became the "economic lifeline" for the Trump family. Following the riot, several major Banks and Other companies severed ties with Trump and his allies, which made them realize the potential of Cryptos.