Key Takeaways
- Stephen Miran, a Bitcoin advocate, has been nominated by Donald Trump as the chair of the Council of Economic Advisers.
- Miran supports crypto’s role in economic growth and criticizes the current financial regulatory framework as overly burdensome.
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President-elect Donald Trump has picked Stephen Miran as his nominee for chair of the Council of Economic Advisers (CEA). Miran, recognized as a pro-innovation and Bitcoin supporter, previously served as a senior adviser for economic policy at the Treasury Department during Trump’s first administration.If confirmed by the Senate, he will oversee the CEA, which advises the President on various economic matters, focusing on policies that promote full employment, economic growth, and stability
“I am pleased to announce that I will nominate Stephen Miran to be the Chairman of my Council of Economic Advisers,” Trump wrote on Truth Social. “Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans.”
Miran, who holds a doctorate in Economics from Harvard University, currently serves as a Senior Strategist for Hudson Bay Capital Management alongside his fellowship at the Manhattan Institute.
“I am beyond honored that President Trump has chosen me to lead his Council of Economic Advisers,” Miran said in a post on X. “I look forward to working to help implement the President’s policy agenda to create a booming, non-inflationary economy that brings prosperity to all Americans!”
Many in the crypto community have thrown support for Miran, including Michael Saylor, MicroStrategy’s executive chairman.Miran’s stance on crypto was reflected in his recent interview with The Bitcoin Layer, where he criticized the current financial regulatory framework as overly burdensome, arguing it hampers financial institutions.Miran also showed a strong belief in innovation as a key driver of economic growth, particularly highlighting the potential role of crypto.
“I think that crypto has a big role potentially to play in innovation and ushering in another Trump Administration economic boom,” he said.
Trump has appointed several figures who support crypto assets to key positions within his incoming administration, including Howard Lutnick, Robert F. Kennedy Jr., and Scott Bessent.Trump has selected Paul Atkins as his nominee for chair of the SEC. Atkins is a former SEC commissioner known for his favorable stance on cryptocurrencies, which suggests a regulatory environment more conducive to the crypto industry.Trump has also appointed David Sacks as AI and Crypto Czar. This newly created role will see Sacks guiding policy in the two areas he strongly supports. His appointment signals a commitment to fostering a pro-industry environment for these sectors.Trump’s team is expected to soon reveal their nominee for CFTC chairman, who, just like the SEC chair, will play a key role in regulating the crypto sector.
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