US President Donald Trump appointed Stephan Miran as chairman of the Board of Economic Advisers. Miran will play an important role in directing the economic policies of Trump’s second term. Trump said he adopted an innovative vision to make the United States a leader in the field of cryptocurrency.
Crypto Regulations Await Reform
Stephan Miran is known as one of the strongest supporters of cryptocurrency reforms. Current regulations stifle innovation, the economist argued in a podcast by Blockworks. Miran stated that major changes need to be made in the legal framework for the USA to become a world leader in technology and crypto. He also frequently made pro-crypto statements on social media.
Miran had criticized US Federal Reserve Chairman Jerome H. Powell for his past policies. In 2020, he called Powell’s economic stimulus plan “inadequate and flawed.” Miran argues that economic policies should be rearranged for long-term growth and stability.
Appointments in the Crypto Field Attract Attention
Trump’s interest in crypto is not a new development. He has made it clear that he is committed to “making the United States the crypto capital of the world.” As part of this, he appointed Paul Atkins as chairman of the SEC. Atkins is known for his SEC experience under George W. Bush. Additionally, Bo Hines was appointed as an advisor to manage digital asset policies. Although Hines does not have a direct crypto background, it was stated that he will carry out studies in this field together with David Sacks.
These appointments show the Trump administration’s determination in the cryptocurrency field. It also supports the United States’ goal of becoming a leader in this field in the international arena. Trump plans to gain investors’ trust by taking innovative approaches to crypto regulations. Experts think that these steps could lead to a significant transformation in the economy.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
