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Trump Names Crypto-Friendly Stephen Miran as Chair of Council of Economic Advisers

The Council of Economic Advisors is tasked with providing the President advice on economic issues.

By Sam Reynolds|Edited by Omkar Godbole
Dec 23, 2024, 5:32 a.m.
U.S. President Donald Trump

What to know:

  • The incoming Trump administration continues to appoint crypto advocates to key roles.
  • The latest appointment is Stephan Miran, a bitcoin advocate who served in the first Trump administration.

President-elect Donald Trump announced over the weekend that he is appointing Stephan Miran, a former Treasury official from the first Trump White House, and current economist with Hudson Bay Capital Management, to chair the Council of Economic Advisors (CEA).

The CEA's role is to advise the president on economic issues, including evaluating the effectiveness of federal policies and programs, analyzing economic trends, and crafting recommendations to foster growth and stability.

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Miran has long been an advocate for crypto, recently appearing on Blockworks' Forward Guidance podcast. He has previously tweeted about how crypto regulations need to be reformed in the U.S. to allow for innovation to flourish.

Miran has previously criticized Fed Chair Jerome H. Powell as "wrong politically and economically" for urging Congress to pass a stimulus bill in October 2020.

I never cease to marvel at what fraction of "innovation" in recent decades is simply due to circumventing regulations. Uber, crypto, Airbnb...

And while binance did some evil shit (helping finance Iran, Hamas), maybe we should actually streamline a lot of regulations https://t.co/1pR3cqqBUy

— Stephen Miran (@SteveMiran) November 21, 2023

This appointment comes as Trump himself has pledged to make the U.S. the “crypto capital of the planet” and earlier floated the idea of a strategic bitcoin reserve.

Recently, Trump announced he was appointing crypto advocate Paul Atkins as Securities and Exchange Commission chair. Atkins had previously served as a Commissioner at the SEC during the George W. Bush administration.

Trump also appointed former congressional candidate Bo Hines as Executive Director of the Presidential Council of Advisers for Digital Assets.

In a post on Truth Social, Trump said Hines would collaborate with David Sacks, the incoming "Crypto Czar," to advance the administration's crypto agenda.

While Trump endorsed Hines in his Congressional run, Hines does not have a history of crypto advocacy.

TrumpDonald Trump.cryptoBitcoin
Sam Reynolds

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

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