President-elect Donald Trump is reportedly looking to create a new role in the White House specifically for a crypto advisor. His team is currently interviewing potential candidates, but no strong contenders have emerged yet.
The exact duties of this crypto advisor are still unclear. Some rumors suggest that this person could oversee the implementation of cryptocurrency policies.
According to Bloomberg, Trump is in talks with industry leaders to find the right candidate for this unique position. One name that has come up is Brian Brooks. He’s a former executive at Binance.US and could be a good fit for the role of crypto advisor or even SEC Chair.
Music producer and crypto commentator Martin Folb mentioned on X (formerly Twitter) that Brooks is interviewing for the White House Crypto Czar role. Having a full-time advocate for the crypto industry in the White House could really help push for positive regulation.
During his campaign, Trump promised to reform the current U.S. crypto policy. Key proposals included reducing anti-crypto legislation, appointing industry-friendly regulators, and even setting up a Bitcoin Reserve.
David Bailey, the CEO of Bitcoin Magazine, acted as an unofficial crypto advisor during the campaign. He helped draft pro-crypto executive orders and spoke at Trump’s Nashville conference in July. Since the election, he has emphasized the Bitcoin Reserve as a crucial policy for Bitcoin's growth, although we don’t know how much influence he currently has.
So far, besides Brian Brooks, no other candidates have been mentioned. Trump is conducting interviews at Mar-a-Lago, but his team hasn’t shared any details about the process.
Many details about this new role remain unclear. For example, it’s uncertain if the advisor will work only in the White House or take on a broader role as a "crypto czar" to manage policy implementation directly. Regardless, this new position could strengthen the presence of industry allies in the federal government.