In a significant move, the incoming administration of President-elect Donald Trump is exploring the creation of a dedicated position within the White House to focus on cryptocurrency policy for the first time.
Sources familiar with the matter reveal that Trump’s team is currently considering candidates for this new role, which could play a central part in shaping the future of crypto regulations and policy.
If implemented, this role would oversee coordination among key government bodies, including the SEC and CFTC, and serve as the main point of contact between the White House, Congress, and regulatory agencies.
While the exact structure and seniority of the position remain uncertain, industry advocates are pushing for it to have direct access to the president.
The appointed individual could lead a team aimed at advancing crypto-related initiatives and ensuring effective communication between all stakeholders.
PayPal has expanded its stablecoin, PayPal USD (PYUSD), to the Arbitrum network, marking a key step in its strategy to integrate with faster, more cost-efficient blockchain infrastructure.
Citigroup is evaluating the potential launch of its own U.S. dollar-backed stablecoin, signaling a growing shift in sentiment among traditional financial institutions toward digital assets.
JPMorgan Chase CEO Jamie Dimon remains skeptical of stablecoins—but says ignoring them isn’t an option for the world’s most powerful bank.
According to crypto analyst Atlas, the traditional four-year cycle that once defined Bitcoin and altcoin market behavior is now obsolete.