Seeds of Wisdom RV and Economic Updates Monday Morning 12-23-24
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TRUMP TAPS PRO-CRYPTO ECONOMIST STEPHEN MIRAN TO LEAD COUNCIL OF ECONOMIC ADVISERS
Miran will advise Trump on policy and help shape the administration's economic agenda to achieve its goals.
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy.
“Steve will work with the rest of my Economic Team to deliver a Great Economic Boom that lifts up all Americans,” Trump said in a Truth Social post on Sunday.
Miran has openly criticized the Biden administration, specifically targeting Fed Chair Jerome Powell. He condemned Powell for calling for more aggressive fiscal and monetary stimulus in Oct. 2020, just a month before the election, to boost the economic recovery during the pandemic.
Stephen Miran to Help Craft Trump’s Vision for a Booming Economy
The White House Council of Economic Advisers is a three-member team. It advises the president on economic policy. Miran will guide Trump on policy matters and be a key spokesperson to promote those decisions. He will provide insights and recommendations to shape the administration’s economic agenda. His work will help achieve its broader goals.
Currently a senior strategist at hedge fund Hudson Bay Capital Management, Miran said he was honored to be chosen. “I look forward to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans!” he posted on X.
Miran’s appointment requires Senate confirmation. Last month, Trump named Kevin Hassett as chair of the National Economic Council. And he nominated Paul Atkins to replace Gary Gensler as SEC Chair.
Miran Sees Crypto as Catalyst for Prosperity Under Trump’s Agenda
The crypto community has shown strong support for Miran, including Michael Saylor, executive chairman of MicroStrategy. In a recent interview with The Bitcoin Layer, Miran criticized the current financial regulatory framework, calling it overly restrictive and a barrier to financial institutions.
He also pointed out the importance of innovation for economic growth, highlighting cryptocurrency’s potential role.
“I think crypto will have a big role in innovation and ushering in a Trump administration economic boom,” he said in the interview.
Milan said on X on Sunday that he looks forward “to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans.”
@ Newshounds News™
Source: CryptoNews
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TRUMP APPOINTS FORMER COLLEGE FOOTBALL PLAYER, GOP HOUSE NOMINEE BO HINES TO HEAD CRYPTO COUNCIL
President-elect Donald Trump announced that Bo Hines, a former college football player who ran unsuccessfully for the House of Representatives in 2022, to lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets.
“In his new role, Bo will work with David [Sacks] to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote.
Trump also earlier appointed Stephen Miran to head his Council of Economic Advisers. Miran has previously stated that regulations inhibit innovation in the crypto sector.
In posts on Truth Social Sunday, Donald Trump appointed two new figures as advisers on economic issues.
Foremost of concern to crypto investors, Trump announced on Sunday that Bo Hines, a former college football player who secured the Republican nomination for North Carolina's 13th congressional district before succumbing to his Democratic opponent in the general election, will serve as the Executive Director of the Presidential Council of Advisers for Digital Assets, which Trump refers to as the "Crypto Council."
Trump had previously appointed David Sacks to spearhead crypto and A.I. issues at the White House, and refers to Hines working alongside Sacks in his announcement.
"In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed," Trump wrote. "Together, they will create an environment where this industry can flourish, and remain a cornerstone of our Nation's technological advancement."
Hines received funding in his 2022 Congressional race from pro-crypto PACs, The Block previously reported. Some of the money came from FTX executive Ryan Salame, according to Business Insider, who is currently serving a seven-and-a-half year prison sentence after pleading guilty to charges including conspiring to make unlawful political contributions.
Hines ran in the same district in 2024, but failed to secure the Republican nomination, coming in fourth place with 14.4% of the vote. Republican Addison McDowell later won the district in the general election with 69.2% of the overall vote.
Earlier on Sunday, Trump appointed former Treasury Department official Stephen Miran to chair his Council of Economic Advisers.
"I think financial regulation is excessively burdensome and prevents banks from...lending into the economy as much as they as much as they would. And I think sometimes [that] can really inhibit innovation in areas like the crypto-economy," Miran told podcast The Bitcoin Layer earlier this month.
@ Newshounds News™
Source: The Block
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🎄 Holiday Announcement from the Seeds of Wisdom Team 🎄
As the holiday season approaches, we want to ensure everyone has time to enjoy their families and count their blessings. We will be closing our rooms for a few days during Christmas and New Year's to celebrate and recharge.
Telegram Holiday Hours:
Rooms will remain open for READ Only
Closed: December 23rd - December 25th
Open: December 26th
Closed for New Year's: December 30th
Reopen: January 2nd
Newshounds will continue to post in the Morning Newsletter during the Holidays except on Christmas Day and New Year's Day.
Wishing all of you a joyous holiday season filled with love, laughter, and cherished moments. Enjoy your holidays and see you in the New Year!
@ Newshounds News™
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