Mick Mulvaney has just been hired by US president Donald Trump to be his new White House Chief of Staff.

For once, the haphazard and on-the-fly decision to appoint people to crucial positions in the US government has finally led to an advantage for the cryptocurrency community. According to a report, Mulvaney has strong disagreements with Trump policies, and days before the election, he had said that the then-presidential candidate Trump was a “terrible human being”.

The appointment is seen by crypto enthusiasts and supporters around the world as a sign that cryptocurrencies will be given relief in the US. The South Carolina Republican is a strong advocate for the digital currency revolution and is one of the driving forces behind Blockchain Caucus, a lawmaker group that not only advocates for rising technologies like blockchain but introduce new legislation and laws for them too.

The latest appointment comes as General John Kelly steps down. President Trump Tweeted the new appointment:

Mulvaney has pushed for a number of resolutions in support of Bitcoin and blockchain technology. House Resolution 7002 was a proposed amendment to the E-Sign Act designed to “confirm the applicability of blockchain to electronic records, electronic signatures and smart contracts”. Another previous resolution he backed, 1108, was to show the Congress on how to take a systematic and logical approach towards the innovations created by blockchain technology.

Mulvaney has said on record, “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.”


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