U.S. President Donald Trump has hired the prominent bitcoin supporter Mick Mulvaney to be his new White House Chief of Staff.
Donald Trump is one of the most polarizing people on Planet Earth and whether you love him or hate him, it is beneficial for the crypto industry to have a major bitcoin advocate whispering sweet nothings into the ear of the American President.
Donald Trump Makes Positive Appointment for Crypto Industry
Although Donald Trump might not top a list of the humblest people on the planet, he most definitely loves making money. Trump’s appointment of Mulvaney to the White House is a massive boon for crypto-fanatics.
is a crypto supporter and fan. When he was working at the House of Representatives, Mulvaney, who is a South Carolina Republican, was one of the people who worked towards creating the Blockchain Caucus, which is a group of lawmakers that write and create new laws for emerging technologies such as cryptocurrency.
Donald Trump was upbeat when taking to to welcome Mulvaney and congratulate him on being named as Acting White House Chief of Staff:
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)
Employing a bitcoin Supporter
Mick Mulvaney has knowledge of the inner-workings of bitcoin and crypto in general. He helped the to draft two new legislative acts that support the growth and evolution of the bitcoin industry. The proposals were drafted to help increase the growth and support of bitcoin innovation.
The House Resolution 1108 was proposed to increase research in bitcoin technology to show Congress how to take a sensible regulatory approach to the industry’s newest technological innovations.
House Resolution 7002 was a proposal to amend the E-SIGN Act that was to “confirm the applicability of bitcoin to electronic records, electronic signatures and smart contracts.”
To give you an idea of Mulvaney’s feelings towards bitcoin, here is a statement he made at the time of helping to create the Blockchain Caucus:
“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.”
Although U.S. President Donald Trump rightfully gets criticism from all quarters for some of his decisions, especially in terms of immigration and foreign policy, when it comes to emerging bitcoin technology, he seems quite open to its potential.
The appointment of Mick Mulvaney to the White House by Donald Trump is a positive move for crypto-fans and aficionados alike.
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Published at Sun, 16 Dec 2018 17:04:51 +0000
