The Trump administration has promoted Mick Mulvaney, the current Direct of the US Office of Management and Budget, as the new White House Chief of Staff. President Trump tweeted, “I am pleased to announce that Mick Mulvaney, Direct 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.”

This may be good for bitcoin supporters. Mulvaney is known to be a proponent of blockchain and bitcoin. He recently spearheaded the Blockchain Caucus, which is a policy creation board that is pushing or a greater impact of virtual currencies. Mulvaney stated, “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.”

Interestingly enough, President Trump has also appointed Elad Roisman as the SEC commissioner. Roisman stated that it is necessary to regulate the industry “in a fair and transparent manner, provide clarity and certainty to the markets and investors.”

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