GM Explorer,

Trump’s transition team is exploring bold plans to create the first-ever White House position on crypto policy. Let’s dive into what’s brewing.

Here’s what we got for you today:

• 🤯 Crypto's new role in the White House!

• 🔎 Market Insight

• 🧱 Around The Block: Bluesky proves you can do crypto without cryptocurrency.

🤯 Crypto's New Role in the White House!

The crypto industry could soon have its own seat at the White House table!

According to Bloomberg, President-elect Donald Trump’s transition team is considering an exciting new role: the first-ever White House position focused on crypto policy.

What would this position entail?

Though details are still being ironed out, this first-ever senior White House staff position would coordinate policy and regulation across federal agencies.

It would manage a small staff and act as a bridge between Congress, the White House, and regulatory agencies with crypto oversight, such as the SEC and the CFTC.

Sounds promising, right? It may play a very helpful role in the crypto sector!🤷‍♀️

Sources close to the transition efforts report that Trump’s team is actively vetting potential candidates for this pivotal position.

Advocates within the crypto industry are even lobbying for this role to have direct access to Trump.

Trump heavily supported the crypto industry during his campaign, so this move, along with others he’s made recently, shouldn’t be so surprising.

The president-elect has been involved with the crypto community through multiple meetings!

He recently met with Coinbase CEO Brian Armstrong and Brian Brooks, former CEO of Binance US and ex-legal boss of Coinbase.

And his summer discussions with Bitcoin mining companies and crypto exchanges also signaled his growing interest.

But most importantly, one of Trump’s big campaign promises was that he’d dismiss the current SEC chair, Gary Gensler.

Now, there's speculation that Trump is considering crypto lawyer Teresa Goody Guillén for the SEC chair position, with Brian Brooks also in the running.

Plus, in a clear indication of his crypto-friendly approach, Trump has also ventured into crypto businesses.

He’s launching World Liberty Financial and his social media group is reportedly in talks to acquire the crypto exchange Bakkt.

The takeaway from all this is that Trump is definitely on a mission to redefine the crypto industry’s relationship with Washington.

However, how this will unfold long-term is still a big question mark.🤞 

More insights on this story here!

🔎 Market Insight

The crypto market is dumping, except for Bitcoin, which is aggressively breaking into price discovery.

This situation is causing a lot of panic among investors, as many are torn between two important decisions: 

Should you continue to hold your altcoins, or should you move your investments into the safety of Bitcoin?

I’d like to help you navigate this question.

Firstly, it’s a good sign that Bitcoin is reaching all-time highs. This indicates that we might be on the verge of entering the next phase of the bull market.

Once Bitcoin stabilizes and consolidates (whenever that may be), strong altcoins will likely catch up with a significant price adjustment.

Now is not the time to make hasty decisions; patience will serve you better at this stage. You can either dollar-cost average (DCA) into strong altcoins or simply hold onto your current investments.

The key question is: how do you know if you have a strong altcoin? 

We’ll address that question tomorrow!

🧱 Around The Block

• Bluesky proves you can do crypto without cryptocurrency.

• Trump considers crypto lawyer Teresa Goody Guillén for SEC Chair.

• Charles Hoskinson says that the CEO of Coinbase is the “only candidate” for the White House's crypto-czar position.

• Romania gives temporary tax breaks to crypto investors to generate cash flows.

• Sky, formerly Maker, launches USDS stablecoin on Solana.

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.