US President Donald Trump has hired the important Bitcoin supporter Mick Mulvaney as the new head of the White House cabinet.
Donald Trump is one of the most polarizing people on Planet Earth and, whether you love him or hate him, it is advantageous for the cryptic industry to have an important Bitcoin defender who whispers sweet deception to the American President's ear.
Donald Trump makes the positive appointment for the crypto industry
Although Donald Trump is not at the top of the list of the humblest people on the planet, he definitely loves making money. Trump's appointment with Mulvaney at the White House is a huge plus for cryptotypes.
Mick Mulvaney is a scrambled supporter and fan. When he worked in the House of Representatives, Mulvaney, who is a Republican from South Carolina, was one of the people who worked on the creation of the Blockchain Caucus, which is a group of legislators who write and create new laws for emerging technologies such as cryptocurrency .
Donald Trump was optimistic when it came to his Twitter account to welcome Mulvaney and congratulate him on being appointed Chief of Staff of the White House:
I am pleased to announce that Mick Mulvaney, director of the Office of Management and Budget, will be appointed Chief of Staff of the White House, replacing General John Kelly, who has served our country with distinction. Mick did an exceptional job while he was in administration ….
– Donald J. Trump (@realDonaldTrump) December 14, 2018
Employing a Bitcoin supporter
Mick Mulvaney has knowledge of the inner workings of the blockchain and the crypt in general. He helped the Blockchain Caucus to draft two new pieces of legislation that support the growth and evolution of the blockchain industry. The proposals have been drafted to help increase the growth and support of blockchain innovation.
The 1108 House Resolution was proposed to increase research on blockchain technology to show Congress how to adopt a reasonable regulatory approach to the latest technological innovations in the industry.
The Resolution of the House 7002 was a proposal to amend the law on E-SIGN which was to "confirm the applicability of the blockchain to electronic records, electronic signatures and smart contracts".
To give you an idea of Mulvaney's feelings about Bitcoin, here's a statement he made at the time to help create the Blockchain Caucus:
"Blockchain technology has the potential to revolutionize the financial services industry, the US economy and the provision of government services, and I am proud to be involved in this initiative."
Although US President Donald Trump has rightly criticized on all sides for some of his decisions, especially in terms of immigration and foreign policy, when it comes to emerging blockchain technology, it seems quite open to its potential.
The appointment of Mick Mulvaney at Donald Trump's White House is a positive move for crypto-fans and enthusiasts.
Flickr foreground image.
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