Trump nominates Stephen Miran for economic policy leadership

President-elect Donald Trump has announced Stephen Miran as his nominee for chairman of the Council of Economic Advisors, a key advisory role on economic strategy and policy.

Miran, an economist and former senior adviser at the U.S. Treasury Department during Trump’s first administration, is known for his pro-innovation stance and support for deregulation.

In a recent interview on The Bitcoin Layer podcast, Miran highlighted the importance of fostering innovation.

“I’m a huge believer in innovation, in powering the betterment of mankind, and increasing prosperity,” he said.

He also pointed to financial deregulation and cryptocurrency as drivers of potential economic growth.

“Crypto has a big role potentially to play in innovation and ushering in another Trump Administration economic boom,” Miran remarked.

Miran’s nomination follows other pro-crypto appointments by Trump, including Paul Atkins as the next chairman of the Securities and Exchange Commission (SEC).

Atkins, a former SEC commissioner and advocate for digital assets, is expected to shape policies favorable to the crypto industry.

Additionally, David Sacks, a former PayPal executive and crypto advocate, has been named as the administration's lead adviser on artificial intelligence and digital assets.

These nominations signal a pro-crypto shift in Trump’s economic team.

Analysts predict that such policies could have significant implications for Bitcoin (CRYPTO:BTC) and the broader digital asset market.

Cathie Wood, CEO of ARK Invest, projects Bitcoin’s price to reach $1 million by 2030, citing supply scarcity and supportive policies.

Eric Trump also echoed these sentiments, attributing potential price surges to Bitcoin’s limited supply.

With Miran and other pro-innovation figures in key roles, the incoming administration appears poised to prioritize policies that could reshape the financial landscape and drive technological advancements.