美东时间11月20日周三，彭博社报道援引知情者消息称，候任美国总统特朗普的团队考虑在白宫设立一个专门负责加密货币政策的职位，正在审查该职位的候选人。本周团队与数字资产行业的高管多次磋商，讨论的内容包括，上述新设职位的就任者将领导一个小团队，并充当国会、白宫和各个加密货币监管机构的联络人。Source: Wall Street See
The media reported that the Trump team is considering establishing a position in the White House specifically responsible for crypto policy. Discussions between the team and the digital asset industry are ongoing, where the appointee to the position will lead a small team and act as a liaison for Congress, the White House, and various crypto regulatory institutions.
Sure enough, Trump did not disappoint in riding the surge of Bitcoin since his election. According to the latest news, the US federal government led by Trump may elevate the crypto industry to unprecedented heights.
On Wednesday, November 20th, Eastern Time, Bloomberg reported citing informed sources that the team of the incoming US President, Trump, is considering establishing a position in the White House dedicated to crypto policy and is reviewing candidates for this position. This week, the team has had multiple discussions with executives from the digital asset industry, and the discussions include the appointee to the newly established position leading a small team and acting as a liaison for Congress, the White House, and various crypto regulatory institutions.
According to sources, it is currently unclear whether this senior position in the White House will be established. According to US political circles, whoever takes up this position will be the 'crypto czar,' overseeing federal government policies and industry regulations.
If the reports are true, this would be the first dedicated crypto position ever established in the White House, highlighting the growing influence of the emerging crypto industry on the new US government.
Following reports of the Trump team planning to establish a crypto policy position in the White House, Bitcoin maintained an approximately 2% intraday increase during Wednesday's midday trading session, hovering steadily near its historic high of over $0.094 million.
Earlier this week, media reports indicated that Trump's media and technology group, Trump Media & Technology Group Corp (DJT), is set to acquire Bakkt in full. Trump has pledged to retain his 53% stake in DJT, leading Bitcoin to reach an intraday peak above $0.094 million for the first time in history on that day.
According to CoinMarketCap data, during the early trading session of US stocks on Wednesday, Bitcoin once rose above $0.0949 million, approaching the $0.095 million mark, setting a new historical high for the second consecutive day. Although it later fell below $0.0942 million, it has still risen by nearly 40% in the past month.
Moreover, most of Bitcoin's gains in the past month have come after the US election. On the day after the election on November 6th, the token price stabilized above $0.07 million, rising over $0.02 million in the following two weeks.
During his election campaign, Trump repeatedly advocated for the implementation of Bitcoin. He promised to make the USA the first country to designate Bitcoin as a strategic reserve asset, remove the current SEC chairman who is considered hostile to the crypto industry, establish a Bitcoin and Cryptocurrency Presidential Advisory Committee, and encourage power plants to strengthen electrical supply for Bitcoin mining.
After Trump's election, investors have been betting that favorable legislation for the industry will be enacted under his administration, so Bitcoin's significant surge is not surprising.
Last week, Wall Street News mentioned that some analysts believe Bitcoin's recent sharp rise is due to the perception that Trump's governing style may lean towards a 'small government' approach, reducing government intervention and spending, as opposed to the 'big government' supported by Modern Monetary Theory (MMT) which aims to increase spending and promote economic growth through expansionary fiscal policies. In this scenario, Bitcoin as a 'decentralized' asset could benefit.
Recently, there have been doubts about whether Trump's presidency is truly bullish for Bitcoin. Market columnist James Mackintosh expressed concerns that Bitcoin is already nearly immune to regulatory pressure and that relaxing regulations could lead to increased demand for other cryptocurrencies in the market, potentially causing Bitcoin outflows. Moreover, Trump's promises of support for cryptocurrencies may not necessarily materialize.
Some also believe that the 'Trump trade' logic suggests that Trump, in order to integrate into Wall Street, will listen to the market. The question arises whether such market expectations are wishful thinking. Analysts believe that the current market rally is because the market anticipates Trump will consider market reactions more in policy-making, avoiding overly aggressive strategies. However, economists warn that overly enthusiastic investors are driving up stock prices and the market may face a reckoning.
Editor / jayden
