Trump’s Team Advances Plans for a White House Crypto Office

President Donald Trump and his team are making strides toward establishing a dedicated crypto council and a pioneering office at the White House. This initiative aims to shape U.S. digital asset policies, with the administration already evaluating potential leaders for this groundbreaking post.

According to Bloomberg, the transition team has been engaging with blockchain industry leaders to bolster support for crypto innovation in the U.S. This office may also oversee the proposed crypto council, a concept Trump highlighted during his campaign.

Engaging Industry Leaders

Trump recently met with Coinbase CEO Brian Armstrong, followed by a phone discussion, as reported by crypto.news. Armstrong is reportedly advising on key appointees for the administration’s crypto-related roles. Cardano founder Charles Hoskinson is also expected in Washington, D.C., to collaborate with policymakers on advancing legislative efforts.

Hoskinson endorsed Armstrong for a leadership role, stating, “I know he could build a broad tent coalition to bring the industry together and help us get the government rallied behind real action including passing new laws.” He also emphasized his work with the legislative branch in Wyoming, where 31 crypto-related laws were passed, as a model for federal reform.

The Trump team’s push for a more crypto-friendly regulatory framework aligns with significant financial support from the decentralized technology industry. Reports suggest several blockchain advocates are being considered for key positions, including roles at the Securities and Exchange Commission (SEC) and the Manhattan U.S. Attorney’s Office.

Important regulators such as Manhattan U.S. Attorney Damian Williams, FDIC chair Martin Gruenberg, and SEC chair Gary Gensler have all stated that they intend to retire by early 2025. Trump’s team has responded by proposing candidates for the future SEC chair, including former Binance U.S. CEO Brian Brooks and seasoned securities attorney Teressa Goody Guillén.

Trump’s administration hopes to create a crypto-friendly atmosphere that might stimulate innovation and expansion in the digital asset market by changing leadership and rules.