By 
U.S. President Donald Trump has announced his decision to appoint Stephen Miran, a crypto-friendly economist, as the Chair of the Council of Economic Advisers. Miran is known for his pro-cryptocurrency stance and has made significant contributions to the financial sector. This appointment is expected to steer the U.S. economic policy in favor of the growing cryptocurrency industry.
Miran’s explicit support for digital currencies adds vast potential for economic growth and innovation, particularly relating to blockchain technology and digital currencies such as Bitcoin and Ethereum. His appointment hence indicates a more accommodative stance by the U.S. government towards the burgeoning crypto sector, suppressing concerns about potential regulatory crackdowns. This move by the Trump administration could significantly shape the future of cryptocurrencies in the U.S and global economic landscape.
The Council of Economic Advisers, under the leadership of Miran, is anticipated to foster a regulatory environment that encourages the use and adoption of cryptocurrencies and the development of blockchain applications. This decision could boost investor confidence and potentially increase the value of digital currencies. Miran is expected to lead initiatives aimed at integrating cryptocurrencies into the mainstream economy and amplifying blockchain’s transformative impact on various sectors, including banking, finance, and international trade.
In summary, Stephen Miran’s appointment as Chair of the Council of Economic Advisers by President Donald Trump paves the way for a more cryptocurrency-friendly economic policy in the United States. This move is expected to influence the trajectory of the crypto economy significantly, stimulating its integration into the mainstream economy while opening avenues for growth and innovation in blockchain technology.
Source: CoinDesk
Comments