Key Highlights:

• The Trump administration is actively filling key positions with crypto supporters.
• Stephen Miran, a bitcoin supporter from the first Trump term, has been appointed as the chair of the Council of Economic Advisors (CEA).

President-elect Donald Trump announced over the weekend the appointment of Stephen Miran, a previous Treasury official and current economist at Hudson Bay Capital Management, as the chair of the Council of Economic Advisors (CEA). The CEA's responsibilities include advising the President on economic matters and assessing federal policies.

Miran is a long-time advocate for cryptocurrency, recently discussing on the Blockworks' Forward Guidance podcast the need for regulatory reform in the U.S. to promote innovation.

Previously, he has expressed criticism of Fed Chair Jerome H. Powell for political and economic decisions, highlighting the need for significant regulatory streamlining in industries like crypto and rideshare.

This appointment aligns with Trump’s commitment to establishing the U.S. as the “crypto capital of the world,” following other decisions such as the naming of Paul Atkins as chair of the Securities and Exchange Commission and Bo Hines as Executive Director of the Presidential Council of Advisers for Digital Assets.