Paul Atkins

Donald Trump

United

President-elect Trump nominated economist and former advisor Stephen Miran as the chairman of the Council of Economic Advisors, which will counsel the Executive Branch on economic policy and strategy, in a Dec. 22 social media announcement.
Miran previously served as a senior advisor for economic policy at the United States Treasury Department under the first Trump administration. During a recent <a data-ct-non-breakable="null" href="https://x.com/TheBitcoinLayer/status/1867006518769619314" rel="null" target="null" text="null" title="null">episode</a> of The Bitcoin Layer podcast, Miran said the United States should focus on pro-innovation policies and told the podcast host:
<blockquote>
 "I think that Financial deregulation is going to be a powerful part of that. I think that crypto has a big role potentially to play in innovation and ushering in another Trump Administration economic boom."
</blockquote>
Many in the crypto community celebrated the nomination of Miran as a positive development for the crypto industry, as Donald Trump continues to select pro-crypto and pro-innovation officials for his cabinet.
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 <img alt="Bitcoin Regulation, US Government, United States, Donald Trump" src="https://s3.cointelegraph.com/uploads/2024-12/0193efd7-9bd8-7503-871d-a8ac08451aef" title="">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/SteveMiran/status/1870856630159425590" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/SteveMiran/status/1870856630159425590">Stephen Miran</a>
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Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-bitcoin-us-reserve-asset-day-one-how-high-will-btc-price-go" rel="null" target="null" text="null" title="null">Trump may use Bitcoin as US reserve asset on 'day one' — How high will BTC price go?</a>
<h2 id="trump-nominates-pro-crypto-individuals-for-second-administration">Trump nominates pro-crypto individuals for second administration</h2>
Donald <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-nominates-paul-atkins-replace-gensler-sec-chair" rel="null" target="null" text="null" title="null">Trump nominated Paul Atkins</a> to replace Gary Gensler as the chairman of the Securities and Exchange Commission (SEC) on Dec. 4, 2024.
The President-elect cited Atkins' previous experience as an SEC commissioner from 2002-2008 and his understanding of digital assets through his role as the co-chairman of the Digital Chamber's Token Alliance as the reasons for the nomination.
On Dec. 6, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-names-david-sacks-ai-crypto-czar" rel="null" target="null" text="null" title="null">Trump nominated David Sacks</a> as AI and crypto czar — the lead policy advisor for artificial intelligence and digital assets. Sacks is pro-crypto and previously served as PayPal's chief operating officer.
During an appearance on Anthony Pompliano's podcast, Sacks argued that <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-way-separate-money-state-david-sacks" rel="null" target="null" text="null" title="null">Bitcoin could separate money and state</a> due to its neutral, decentralized nature.
Trump's pro-crypto appointments and the potential creation of a Bitcoin strategic reserve have caused analysts and pundits to forecast a 7-figure price for BTC.
Cathie Wood, founder of asset manager Ark Invest, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/cathie-wood-bitcoin-price-forecast-trump-ma" rel="null" target="null" text="null" title="null">predicted a $1 million Bitcoin price</a> by 2030 due to the pro-crypto policies of the incoming Trump administration.&nbsp;
Eric Trump, the son of the President-elect, also said the price per Bitcoin would <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/eric-trump-bitcoin-1-million-prediction-scarcity" rel="null" target="null" text="null" title="null">hit $1 million per coin</a> due to supply scarcity.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/crypto-four-years-grow-cant-be-shut-down-kain-warwick-infinex/" rel="null" target="null" text="null" title="null">Crypto has 4 years to grow so big ‘no one can shut it down’: Kain Warwick, Infinex</a>

Trump nominates Stephen Miran as Council of Economic Advisors chairman

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