Trump Announces Bitcoin Proponent Mick Mulvaney as White House Chief of Staff

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The U.S. President, Donald Trump, has recently announced on Twitter the appointment of a new White House Chief of Staff. The new person will be the Bitcoin (BTC) proponent Mick Mulvaney, who has supported Bitcoin on many different occasions in the past.

Bitcoin Proponent Will Work as the New Chief of Staff

On December 14, Donald J. Trump, the president of the United States, announced that Mick Mulvaney, Director of the Office of Management and Budget will be working as the White House Chief of Staff. This is very important for the cryptocurrency and blockchain space that has been in a bear trend since the beginning of the year. In this way, Mr. Mulvaney will be replacing John F. Kelly.

About it, Donald Trump wrote:

“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.”

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

According to some reports, Mulvaney will not resign as the director of the US Office of Management and Budget (OBM). Mr. Trump wants him to keep working at the OMB as well, as he has been doing since February 2017.

In the past, Mulvaney commented about virtual currencies:

“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 was making reference to the Blockchain Caucus, an agency that aims at analysing blockchain technology and how it is possible to implement it in different governmental areas.

This is not the first time that Mr. Trump appoints a Bitcoin supporter. In the past, Trump appointed Elad Roisman as an SEC commissioner. The U.S. Securities and Exchange Commission is currently trying to better regulate the ICO market and how these projects can be compliant with laws in the United States.