On November 20, discussions took place regarding the establishment of a White House position to oversee cryptocurrency policy. The potential move has been noted by some in the digital asset community as a step toward providing clarity and supporting innovation in the sector.

According to Mark The Ape, a trader and investor, "If implemented, this move could bridge regulatory gaps and set the tone for U.S. leadership in the rapidly evolving crypto space."

This development aligns with the Republican Party's pro-crypto stance, outlined in its July platform. The platform includes support for Americans' rights to mine Bitcoin, self-custody digital assets, and conduct transactions free from government surveillance. President-elect Donald Trump reiterated these positions at a Bitcoin event in July, where he said he would fire SEC Chair Gary Gensler and make the United States "the crypto capital of the planet."

Mark The Ape | Trader & Investor's post | X

Bloomberg News reported that Trump’s transition team is in discussions with leaders from the digital asset industry regarding the creation of a White House position focused on cryptocurrency policy. Sources have said that candidates are being evaluated for the role.

Bitcoin’s recent surge to record highs, approaching the $100,000 milestone, coincides with Trump’s election.