President Donald Trump has appointed Stephan Miran as the chair of the Economic Advisory Council, a move that will have a significant impact on Trump’s economic policies during his second term. Trump has expressed his ambition to position the United States as a leader in the cryptocurrency sector through his innovative vision.
Cryptocurrency regulations are in need of reform, and Stephan Miran is recognized as one of the strongest advocates for this change. In a Blockworks podcast, the economist argued that existing regulations are inhibiting innovation. Miran emphasized the necessity of substantial changes in the legal framework to ensure that the U.S. maintains its global leadership in technology and cryptocurrency. He frequently shares pro-crypto statements on social media to further support his stance.
Miran has previously criticized Federal Reserve Chairman Jerome H. Powell for his past policies. In 2020, he referred to Powell’s economic stimulus plan as “insufficient and flawed.” Miran advocates for a restructuring of economic policies that will promote long-term growth and stability.
President Trump’s interest in cryptocurrency is not a recent development. He has explicitly stated his commitment to making the U.S. the cryptocurrency capital of the world. To fulfill this commitment, he has appointed Paul Atkins as the head of the Securities and Exchange Commission (SEC). Atkins is known for his SEC experience during the George W. Bush era. Additionally, Bo Hines has been brought on board to manage digital asset policies, although he may not have direct crypto experience. It is worth noting that Hines will work alongside David Sacks in this sector.
These appointments demonstrate the Trump administration’s determination in the cryptocurrency field and support their goal of establishing U.S. leadership in this domain on an international scale. Trump plans to gain investor confidence by showcasing innovative approaches to crypto regulations, and experts believe that these steps could lead to significant shifts in the economy.
