President Trump is known for his on the fly decisions. A polarizing personality, he has shown that he has no clear, consistent plan of action or policies. For once, this has turned for the better for the crypto community.
President Trump tweetedrecently on his selection of Mick Mulvaney as a replacement to the outgoing White House Chief of Staff, General John Kelly, “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 Mulvaney is a vocal supporter of digital technologies and bitcoin is at the forefront of his agendas. The South Carolina Republican is one of the crucial persons behind the lawmaker group that pushes for new legislation and laws to integrate cryptocurrencies in the government of United States and the country at large, Blockchain Caucus. When the group was formed, he said, “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.”
He pushed for House Resolution 1108 for proper research in blockchain for logical regulatory approach and House Resolution 7002, an amendment proposed for the E-Sign Act to “confirm the applicability of blockchain to electronic records, electronic signatures and smart contracts.”
The haphazard methodology if Trump’s administration seems to be reach new heights. He clearly seems to forget that the new White House Chief of Staff had called hima “terrible human being” only a few days before Trump became president. Crypto enthusiasts and supporters around the world are watching the new appointment closely, hoping it will last long enough for some positive governmental actions to support and grow the technology.