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**Trump Taps Crypto Advocate Stephen Miran as Head of His Council of Economic Advisers**
In a surprise move, President-elect Donald Trump has tapped renowned crypto advocate and economist Stephen Miran to lead the Council of Economic Advisers (CEA), an influential role that advises the President on economic policies.
Miran, a Harvard University-trained economist, has previously served as a senior adviser for economic policy at the Treasury Department during Trump’s first administration. In his new position, he will be responsible for developing and implementing policies aimed at promoting full employment, economic growth, and stability.
As a Bitcoin enthusiast and outspoken critic of the current financial regulatory framework, Miran is expected to push for reforms that would foster innovation and entrepreneurship in the crypto sector. His appointment sends a strong signal about Trump’s commitment to fostering a pro-crypto environment within his administration.
Miran has been vocal about the potential of cryptocurrency to drive economic growth, citing its ability to “usher in another Trump Administration economic boom.” This stance aligns with Trump’s previous claims that he is a fan of Bitcoin and sees significant potential for it.
This development comes as no surprise given Trump’s recent appointments of crypto-friendly individuals to key positions within his administration. Howard Lutnick, Robert F. Kennedy Jr., and Scott Bessent have all been appointed to roles that will impact the direction of regulatory policy regarding cryptocurrency.
Moreover, David Sacks, a long-time supporter of AI and crypto, has been named as Trump’s AI and Crypto Czar. This move is seen as a significant step towards creating a pro-industry environment for these sectors.
Miran’s appointment also raises hopes among the crypto community that his administration may be more receptive to innovative ideas, including those related to decentralized finance (DeFi) and non-fungible tokens (NFTs).
While some may view this move as a bold statement of Trump’s commitment to fostering an environment conducive to innovation, others remain skeptical about the long-term implications.
Source: cryptobriefing.com
