President-elect Donald Trump has announced the appointment of Stephen Miran, a former Treasury official and economist with Hudson Bay Capital Management, as the new chair of the Council of Economic Advisers (CEA). The CEA plays a key role in advising the president on economic issues, analyzing trends, and formulating policies to promote growth and stability.
A Crypto-Friendly Advocate
Miran is known for his pro-crypto stance, having recently voiced his support for reforming U.S. cryptocurrency regulations to foster innovation. He has also criticized Federal Reserve Chair Jerome Powell in the past for urging Congress to pass a stimulus bill in 2020, labeling the move “wrong politically and economically.”
His appointment aligns with Trump’s broader vision of positioning the U.S. as the global leader in cryptocurrency. Miran’s expertise and advocacy could signal a shift toward more crypto-friendly policies under the new administration.
Strengthening the Crypto Agenda
The announcement follows other high-profile appointments by Trump aimed at bolstering the administration’s crypto focus:
- Paul Atkins, a crypto advocate and former SEC Commissioner, has been named the new chair of the Securities and Exchange Commission (SEC).
- Bo Hines, a former congressional candidate, will serve as Executive Director of the Presidential Council of Advisers for Digital Assets, collaborating with David Sacks, the incoming “Crypto Czar.”
Trump’s appointments reflect his commitment to making the U.S. the “crypto capital of the planet.” He has also floated the idea of establishing a strategic Bitcoin reserve, a concept that could have far-reaching implications for the global cryptocurrency market.
A Bold Vision for U.S. Crypto Leadership
Miran’s appointment, coupled with other crypto-focused leadership choices, signals a potential policy shift under Trump’s administration toward embracing digital assets. The move is expected to draw both excitement and scrutiny as the U.S. navigates its position in the rapidly evolving crypto landscape.
