President-elect Donald Trump announced over the weekend that he will name Stephan Miran, a former Treasury official in Trump’s first White House and current economist at Hudson Bay Capital Management, to chair the Council of Economic Advisers (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 developing recommendations to promote growth and stability.
Miran has long been a cryptocurrency advocate and recently appeared on Blockworks’ Forward Guidance podcast. He previously tweeted about how crypto regulations in the US need to be reformed to allow innovation to flourish.
Miran has previously criticized Fed Chairman Jerome H. Powell, calling him “politically and economically wrong” for urging Congress to pass a stimulus bill in October 2020.
I never cease to marvel at how much of the “innovation” of the last few decades is due to simply circumventing regulations. Uber, cryptocurrencies, Airbnb…
And while Binance did some bad things (helping fund Iran and Hamas), maybe we should simplify a lot of regulations https://t.co/1pR3cqqBUy
– Stephen Miran (@SteveMiran) November 21, 2023
This appointment comes as Trump himself pledged to make the United States the “crypto capital of the planet” and previously floated the idea of a strategic bitcoin reserve.
Recently, Trump announced that he would appoint cryptocurrency advocate Paul Atkins as chairman of the Securities and Exchange Commission. Atkins had previously served as SEC commissioner during the George W. Bush administration.
Trump also named former congressional candidate Bo Hines as executive director of the President’s Council of Advisors 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 bid, Hines does not have a history of advocating for cryptocurrencies.
