Trump Appoints Crypto Advocate Stephan Miran as Chair of Economic Advisers

President-elect Donald Trump has announced the appointment of Stephen Miran, a well-known crypto advocate and former Treasury official, as the new Chair of the Council of Economic Advisers (CEA). The CEA is responsible for providing economic advice to the President, including evaluating federal policies and shaping recommendations for growth and stability.

Miran, who currently serves as an economist at Hudson Bay Capital Management, has long been a vocal supporter of cryptocurrency. He has previously expressed concerns about U.S. crypto regulations, advocating for reform to foster innovation. In recent public statements, Miran has criticized the approach of Federal Reserve Chair Jerome Powell, calling his economic views politically and economically flawed.

This move comes as Trump has promised to position the U.S. as the "crypto capital of the planet," with plans to explore initiatives like a strategic bitcoin reserve.

A Series of Crypto-Friendly Trump Appointees

This comes on the heels of a series of Trump appointees who, collectively, are painting a crypto-friendly future in the United States. 

Since winning reelection in November, he has appointed Sacks as AI and Crypto Czar and Atkins as SEC Chairman. The election of Donald Trump and his close relationship with cryptocurrencies sent the market skyrocketing in the weeks thereafter.