Trump appoints pro-crypto economist Stephen Meiran as head of CEA

President-elect Donald Trump has appointed pro-crypto economist and former Treasury Department official Stephen Meran to chair the White House Council of Economic Advisers (CEA). This appointment brings experienced leadership back to Washington and will help reshape Trump’s vision of a prosperous, non-inflationary economy.

Sunday, Trump posted on Truth Social“Steve will work with the rest of my economic team to achieve a great economic boom that uplifts all Americans.”

The CEA consists of three people who advise the president on economic policy and strategy. As its Chairman, Miran will be a key component of the administration’s economic agenda, providing insights into key policy decisions, serving as a spokesperson, and promoting the administration’s decisions.

Stephen Meiran has been appointed head of the CEA, with support from Crypto

Miran thanked the nomination and is now a senior strategist at hedge fund Hudson Bay Capital Management. “I look forward to working to help implement the President’s policy agenda to create a prosperous, non-inflationary economy that brings prosperity to all of our people,” he posted on X.

I am extremely honored that President Trump has chosen me to chair his Council of Economic Advisers. I look forward to working to help implement the President’s policy agenda to create a prosperous, non-inflationary economy that brings prosperity to all Americans! pic.twitter.com/CROmzuk61v

– Stephen Meiran (@SteveMeiran) December 22, 2024

Miran was appointed through Senate confirmation. His nomination comes after Trump recently announced his economic team, appointing Kevin Hassett as Chairman of the National Economic Council and Paul Atkins, who will replace Gary Gensler as Chairman of the National Economic Council. Securities and Exchange Commission (second).

While Miran’s nomination resonated with the cryptocurrency community, he was supported by Michael Saylor, CEO of MicroStrategy. In his recent interview with The Bitcoin Layer, Miran criticized the current financial regulatory framework as “excessive” and restrictive of innovation.

🚨New video🚨
Trump’s economic playbook and potential dollar revealed by a former Treasury official@Steve Mirana PhD economist and chief strategist at Hudson’s Bay, to uncover the potential economic rules of the game for the Trump administration and its transformative policies. pic.twitter.com/MPQeoDl2CE

— Bitcoin Layer (@TheBitcoinLayer) December 12, 2024

Miran also said that he believes encryption It will play a big role in innovation and that the Trump administration’s economic prosperity can start through cryptocurrencies.

This was a time when Miran was vocal about the need to foster innovation to stimulate economic development. This pro-crypto stance suggests that the Trump administration is likely to have a pro-digital asset regulatory environment.

Miran did not stop criticizing Federal Reserve Chairman Jerome Powell and the Biden administration. He has claimed that Powell’s call for strong fiscal and monetary stimulus in October 2020 was a politically motivated campaign to inform the election.

As part of this broader vision to revitalize the economy, taking a more critical stance on the current administration’s economic policies is a natural fit with Donald Trump’s agenda: deregulation, innovation, and growth.

Trump is doing the groundwork to build out his economic team for an ambitious term he has been touting before he is formally sworn in. The Trump administration will go further with a focus on creating a “major economic boom,” meaning it will support businesses, keeping them in good stead. The United States needs to innovate and fix all the economic challenges it faces these days.

The Senate’s initial approval of Miran’s appointment is expected to make up the bulk of discussions about the future of US fiscal policy, as his pro-crypto outlook and outlook Economic growth They get arrested.

Everyone in the cryptocurrency community and economic stakeholders will be closely monitoring the potential impact on traditional markets and digital assets.