Crypto gets a seat at the table in Washington

Hey, crypto fam!
It’s time to sip your coffee, scroll your portfolio, and dive into today’s juiciest crypto drama. This one’s all about Trump, a potential pro-crypto pivot, and what it could mean for the industry.

Trump Taps Crypto-Friendly Stephen Miran

So, Donald Trump—who hasn’t exactly been crypto’s biggest cheerleader in the past—just named Stephen Miran as the chair of the Council of Economic Advisers (CEA). This is a pretty big deal, and here’s why:

Who is Stephen Miran?
Miran is a seasoned economist who served in Trump’s first term at the Treasury Department. But what’s interesting is his outspoken belief in free markets and financial innovation, which includes a healthy dose of crypto love. In short, he’s the kind of guy who might actually get it.

What could this mean for crypto?
Here’s where it gets exciting:

• Regulatory Clarity: The U.S. has been floundering with crypto regulation (thanks, SEC). Miran could advocate for clear, reasonable rules instead of the current patchwork of lawsuits and vague guidelines.

• Economic Growth: If Miran views crypto as a driver of innovation and economic expansion, we could see policies aimed at fostering blockchain tech adoption and investment.

• Institutional Adoption: Pro-crypto policies might encourage more companies to follow giants like MicroStrategy and Tesla into the Bitcoin game.

But, hold up.
Let’s not get carried away. While Miran’s views are a win for the industry, he’s more of an advisor than a policymaker. Congress and the SEC still hold most of the power here. Also, Trump’s own stance on crypto has been lukewarm (remember when he called Bitcoin a scam?). This could just be political posturing rather than a genuine pivot.

The takeaway:
This appointment doesn’t guarantee a pro-crypto revolution, but it’s a step in the right direction. If nothing else, it puts crypto closer to the center of U.S. economic policy discussions. And that’s something we can cheer for.

Quick Hits: What Else is Happening?

• Metaplanet Drops $60M on Bitcoin
  The Japanese investment firm snagged 620 BTC at ~$96K per coin, bringing their total holdings to 1,762 BTC. Institutional money keeps stacking sats, even when retail is hesitant. Big moves like this could hint at confidence in a long-term price pump or, they might know something we don’t. 👀
  

• Altcoins Are Bleeding
  The altcoin market is looking rough: $WIF (-34%), $PEPE (-28%), $SOL (-20%). With BTC dominance climbing, it’s clear investors are flocking to safer plays. It’s a tough time for risky bets, but hey, this is crypto—surprises are always around the corner.

Final Thoughts
Trump’s pick for CEA chair has the potential to shake up the crypto narrative in the U.S. While it’s not a guaranteed win, having a voice like Miran’s near the top is definitely better than another skeptic. Meanwhile, whales like Metaplanet are making bold Bitcoin bets, even as the altcoin market gasps for air.

As always, keep your eyes open, your portfolio balanced, and your memes fresh.

DISCLAIMER:
None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

Catch you tomorrow, fam! 🚀