According to Bloomberg, the Trump team is actively reviewing candidates for a position specifically focused on crypto assets, marking the first time the White House will establish such a role. Advocates in the industry are pushing for the new position to communicate directly with Trump, emphasizing the importance of having a strong voice in government to represent the interests of digital assets. Trump has promised a more favorable stance towards the industry during his campaign, which could lead to further adoption and approval of new investment tools beyond BTC and Ethereum, and the establishment of a new presidential advisory committee focused on digital assets. Bloomberg revealed that industry representatives are scouting for potential candidates to serve on the presidential advisory committee. The position will play a key role in shaping crypto asset policy and facilitating communication among different government agencies. Trump's engagement with the digital asset sector includes multiple meetings with executives from BTC mining companies and crypto asset exchanges, as well as a speech at the national BTC conference. Among those who met with Trump was Brian Brooks, a former executive of Coinbase and Binance.US, who is also being considered for the position of SEC chairman. Additionally, Coinbase CEO Brian Armstrong spoke with Trump this week, highlighting the government's engagement with leaders in the digital asset market.

According to a report by Bloomberg, this report aligns with some speculations, especially regarding whether there will be leaders in the new administration who support crypto assets. The report states that sources familiar with the transition efforts have revealed that the Trump team is actively reviewing candidates for a position that would mark the White House's first establishment of a role specifically focused on crypto assets. However, Bloomberg notes that industry advocates are pushing for direct communication between the new position and Trump, emphasizing the importance of having a strong voice in the government to represent the interests of digital assets. During the campaign, Trump actively engaged with the crypto asset community and promised to take a more favorable stance towards the industry, which could encourage further adoption and approval of new investment tools beyond BTC and Ethereum. Trump also mentioned the establishment of a new presidential advisory committee focused on digital assets. Interestingly, Bloomberg revealed on Wednesday that industry representatives are currently scouting for potential candidates to serve on the presidential advisory committee. Discussions regarding the proposed crypto asset role include its crucial role in formulating crypto asset policies and facilitating communication among various government agencies. However, Trump's transition team has not provided further information or made an official statement regarding this matter. Trump's engagements with the digital asset space include multiple meetings with executives from BTC mining companies and crypto asset exchanges, as well as a speech at the national BTC conference in July. Bloomberg also disclosed that in recent days, among those reportedly meeting with Trump was Brian Brooks, a former executive at Coinbase and Binance.US, who is also being considered for the role of SEC chairman. Additionally, Bitcoinist reported that Coinbase CEO Brian Armstrong spoke with Trump this week, highlighting the interactions between the government and leaders in the digital asset market.

Is the White House about to welcome its first crypto advisor?