Trump Taps Pro-Crypto Economist Stephen Miran to Lead Council of Economic Advisers

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.

I am beyond honored that President Trump has chosen me to lead his Council of Economic Advisers. 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! pic.twitter.com/CROmzuk61v

— Stephen Miran (@SteveMiran) December 22, 2024

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.”