Trump Appointed White House Chief of Staff Mick Mulvaney is Pro Bitcoin and Anti FED

President Donald Trump has named Mick Mulvaney as the new White House Chief of Staff. Mr. Mulvaney is a prominent supporter of Bitcoin and Blockchain Technology.

Mick Mulvaney who is serving as director of the US Office of Management and Budget (OMB) has been appointed the Chief of Staff for the White House by President Trump. As Chief of Staff, Mr. Mulvaney will be the highest-ranking non-elected employee of the White House.

As per the report from CNN, Mick Mulvaney will be replacing current Chief of staff General John Kelly while also serving as OMB, as President Trump wants him to keep his current role as well.

President Trump Tweeted:

Mr. Mulvaney has not only been a big supporter of Bitcoin and Blockchain Technology but also not a fan of the Federal Reserve, he spearheaded the Blockchain Caucus which is a bi-partisan group formed by congressmen to support and help the development of the Emerging Technology.

Mr. Mulvaney when he served as a congressional representative for North Carolina has been quoted saying:

“Blockchain technology has the potential to revolutionize the financial services industry, the US economy, and the delivery of government services, and I am proud to be involved with this initiative on the ground floor.”

Mr. Mulvaney has shown his support for Bitcoin as a currency. In a speech back in 2016 he is quoted calling Bitcoin “not manipulatable by any government.”.

He also bashed the Federal Reserve for devaluing the Dollar over the time. Mother Jones Reports:

Mulvaney blasted the Federal Reserve, saying its actions have “effectively devalued the dollar” and “choke[d] off economic growth.”

There are also other pro-Bitcoin enthusiasts that are serving in the government, Blockmanity recently reported Early Bitcoin adopter Gavin Newsom who became the governor of California.

Blockmanity’s Take

This is a positive sign for the entire Crypto ecosystem, being the Chief of Staff for the White House Mr. Mulvaney will serve the President directly. He might help educate and even bring some reforms to the old Federal Reserve based monetary system that Bitcoin is trying to replace.

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