Trump Nominates Stephen Miran to Chair the Council of Economic Advisers
Date: 2024-12-23 Author: Gabriel Deangelo Categories: IN WORLD
Miran previously served as a senior economic policy adviser at the US Treasury Department during Trump’s first term. In a recent podcast on The Bitcoin Layer, he emphasized the importance of innovation for economic growth and development:
“I believe financial deregulation will be a powerful tool for stimulating the economy. Cryptocurrencies can play a key role in innovation and driving economic growth under the Trump administration.”
Miran’s appointment has received positive feedback from the crypto community, where he is considered a supporter of the crypto industry. This appointment highlights Trump’s desire to form a cabinet that supports innovation and the development of digital assets.
Earlier, on December 4, 2024, Trump proposed appointing Paul Atkins as the chairman of the Securities and Exchange Commission (SEC). Atkins, who previously served as an SEC commissioner from 2002 to 2008, is known for his deep understanding of digital assets through his work at the Digital Chamber's Token Alliance.
On December 6, Trump announced the appointment of David Sachs as his overseer of artificial intelligence and digital assets. Sachs, a former PayPal COO, is known for his support of cryptocurrencies. In a podcast with Anthony Pompliano, he noted that Bitcoin, due to its decentralized nature, has the potential to separate money from government.
The pro-crypto appointments and discussions about creating a strategic reserve in Bitcoin have already led to predictions of a significant increase in the price of BTC. Cathie Wood, founder of investment firm Ark Invest, predicted that Bitcoin will reach $1 million by 2030, thanks to the Trump administration's pro-crypto policies.
Eric Trump, the president-elect's son, has also expressed his belief that Bitcoin's limited supply will be a key factor in its growth to $1 million per coin.
