Earlier this year, U.S. senator Cynthia Lummis (R-Wyo.) introduced The Bitcoin Act to Congress, calling for the creation of a strategic bitcoin reserve to reduce the U.S.'s spiraling, near-$36 trillion national debt by buying 1 million bitcoin over five years.

Donald Trump’s transition team is deep in talks with industry insiders about setting up a White House position focused entirely on crypto. If the plan moves forward, this would be the first time the White House creates a job solely for cryptocurrency policy.

On Thursday, bitcoin’s price soared past $99,000 for the first time in its history, setting a new all-time high for the world’s largest cryptocurrency. Market analysts predict the upward trajectory will continue in the coming weeks, with bitcoin likely crossing the $100,000 milestone even before President-Elect Donald Trump takes office in January.

Donald Trump's transition team is reportedly exploring the creation of a dedicated White House role to oversee cryptocurrency regulation.

Bitcoin continued to climb to fresh all-time highs on Thursday, approaching six-figure territory on news that President-elect Donald Trump is considering candidates for a position dedicated toward steering cryptocurrency policy.

It underscores the influence the nascent industry stands to wield in the incoming administration. Read more at straitstimes.com.

Donald Trump is reportedly considering creating the first-of-its-kind position in the White House that will focus on crypto policy, and crypto users already have candidates in mind, including very familiar names.

Donald Trump is reportedly considering creating the first-ever crypto role in the White House to focus on US crypto policy.