President Trump Names Bitcoin and Crypto Supporter As White House Chief of Staff

President Trump has named the director of the Office of Management Mick Mulvaney as his new acting White House Chief of Staff.

Mulvaney is a prominent supporter of Bitcoin and blockchain technology. During his time in the House of Representatives, the South Carolina Republican helped create the Blockchain Caucus, a group of House lawmakers dedicated to creating responsible new policies on the emerging technology.

“Blockchain technology has the potential to revolutionize the financial services industry, the U.S. economy and the delivery of government services, and I am proud to be involved with this initiative,” Mulvaney said at the time.

I am pleased to announce that Mick Mulvaney, Director of the Office of Management & Budget, will be named Acting White House Chief of Staff, replacing General John Kelly, who has served our Country with distinction. Mick has done an outstanding job while in the Administration….

— Donald J. Trump (@realDonaldTrump) December 14, 2018

In October, the Blockchain Caucus introduced two pieces of legislation to create a regulatory approach to blockchain technology that supports growth and innovation. The proposals are “designed to increase the support and growth of the technology’s implementation in the public and private sector to improve overall privacy, transparency, and efficiency.”

House Resolution 1108 seeks to “increase research and show Congress’s support for an ‘innovation friendly’ regulatory approach of blockchain technology.”

Meanwhile, House Resolution 7002 would “amend the E-SIGN Act to confirm the applicability of blockchain to electronic records, electronic signatures, and smart contracts.”

Image via Wikimedia Commons

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