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CoinDesk 2024-12-23 05:32:44

Trump Names Crypto-Friendly Stephen Miran as Chair of Council of Economic Advisers

President-elect Donald Trump announced over the weekend that he is appointing Stephan Miran, a former Treasury official from the first Trump White House, and current economist with Hudson Bay Capital Management, to chair the Council of Economic Advisors (CEA). The CEA's role is to advise the president on economic issues, including evaluating the effectiveness of federal policies and programs, analyzing economic trends, and crafting recommendations to foster growth and stability. Miran has long been an advocate for crypto, recently appearing on Blockworks' Forward Guidance podcast. He has previously tweeted about how crypto regulations need to be reformed in the U.S. to allow for innovation to flourish. Miran has previously criticized Fed Chair Jerome H. Powell as "wrong politically and economically" for urging Congress to pass a stimulus bill in October 2020. This appointment comes as Trump himself has pledged to make the U.S. the “crypto capital of the planet” and earlier floated the idea of a strategic bitcoin reserve. Recently, Trump announced he was appointing crypto advocate Paul Atkins as Securities and Exchange Commission chair. Atkins had previously served as a Commissioner at the SEC during the George W. Bush administration. Trump also appointed former congressional candidate Bo Hines as Executive Director of the Presidential Council of Advisers for Digital Assets. In a post on Truth Social , Trump said Hines would collaborate with David Sacks , the incoming "Crypto Czar," to advance the administration's crypto agenda. While Trump endorsed Hines in his Congressional run, Hines does not have a history of crypto advocacy.