Trump is preparing to establish a cryptocurrency division in the White House.

The new president of the United States, Donald Trump, is considering creating a special White House position for the cryptocurrency and digital asset sector. This move would be a first in shaping policies regarding cryptocurrencies at the management level. With the new task force, a coordination center will be established that will work directly with Trump on cryptocurrency regulations and sector developments.

Trump Will Initiate a New Era with the Cryptocurrency Division

The Trump administration is preparing to make a historic move at the White House. According to information provided by the transition team, efforts have begun to create a special position covering digital assets and cryptocurrencies at the White House. This initiative highlights the importance that the cryptocurrency world will have in the new administration.

Although it has not yet been finalized, discussions have started on whether the position will be a high-level role at the White House or a division at the federal level. Industry representatives are lobbying to ensure that this position is directly accountable to the president.

During the election campaign, Trump, who supported cryptocurrencies, promised to remove SEC Chairman Gensler, ease existing regulations, and establish a new cryptocurrency advisory council. Following these promises, industry representatives also began efforts to be part of the council.

Last summer, Trump met with top executives from Bitcoin mining companies and cryptocurrency exchanges and was a speaker at an important Bitcoin conference.