Donald Trump could appoint crypto-czar in first ever White House role

Incoming president Donald Trump is all in on cryptocurrency, and now his team is contemplating whether or not to create a new White House role around it.

Trump’s team is already vetting candidates, but it’s not a definite slamdunk that the role would come to fruition. However, if the team were to go through with it, it’d be the first in the White House.

Originally reported in Bloomberg, those within the crypto industry are pushing for its creation to provide better access to Trump himself. The president-elect has been courted by the digital currency industry, appearing at a Bitcoin conference in July and holding multiple meetings over the summer.

This new role would act as the go-between for not only the sought-after Trump connection but also government bodies as well. According to the report, Trump’s appointed crypto-czar would also be involved with the Securities and Exchange Commission (SEC) and its small team.

Trump is taking a new approach to cryptocurrency, as in 2019 during his first term he claimed he wasn’t “a fan of Bitcoin and other Cryptocurrencies”. His newfound love of the technology has seen the price skyrocket, as at the time of writing Bitcoin (BTC) is nearing the coveted $100,000 price mark.

By inserting a new crypto-focused role at the White House, it could see the price of Bitcoin rise again.