Trump Names Crypto-Friendly Stephen Miran as Chairman of the Council of Economic Advisers
President-elect Donald Trump announced over the weekend that he appointment Stephan Miran, a former Treasury official from the first Trump White House, and current economist at 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 reviewing the effectiveness of federal policies and programs, analyzing economic trends, and making recommendations to stimulate growth and stability.
Miran has long been an advocate for crypto, recently appeared in Blockworks’ Forward Guidance podcast. He has previously tweeted about how US crypto regulations need to be changed to allow innovation to thrive.
Miran used to be criticized Fed Chair Jerome H. Powell as “politically and economically wrong” for urging Congress to pass a stimulus bill in October 2020.
It never ceases to amaze me how much of the “innovation” of recent decades has been simply due to avoiding regulations. Uber, crypto, Airbnb…
And while binance has done some bad shit (helping finance Iran, Hamas), maybe we should really streamline a lot of regulations https://t.co/1pR3cqqBUy
— Stephen Miran (@SteveMiran) November 21, 2023
This appointment comes as Trump himself has promised to make the US the “crypto capital of the planet” and earlier floated the idea of a strategic bitcoin reserve.
recently, Trump announced he appointed crypto advocate Paul Atkins as chairman of the Securities and Exchange Commission. Atkins previously served as an SEC Commissioner 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 SocialTrump said Hines would work with the David Sacksthe upcoming “Crypto Czar,” to advance the administration’s crypto agenda.
While Trump endorsed Hines in his run for Congress, Hines has no history of crypto advocacy.
