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Trump picks bitcoin and blockchain enthusiast Mick Mulvaney as Budget Director

President-elect Donald Trump has nominated Mick Mulvaney, a conservative Republican congressman from South Carolina and bitcoin enthusiast, as the U.S. Budget Director.

“With Mick at the head of OMB, my Administration is going to make smart choices about America’s budget, bring new accountability to our federal government, and renew the American taxpayer’s trust in how their money is spent!”, Trump said.

According to CryptoCoinsNews, Mulvaney is the first member of the Congress to accept bitcoin donations. In addition, he has been instrumental in establishing a bipartisan Congressional Blockchain Caucus dedicated to the advancement of sound public policy toward cryptocurrencies and other blockchain-based technologies.

“Blockchain technology has the potential to revolutionize the financial services industry, the U.S. economy, and the delivery of government services, and I am proud to be involved with this initiative on the ground floor”, Mulvaney said at the time. “I encourage Members of Congress to join the caucus and get involved as blockchain technology becomes more widely used across communities and companies.”

Recently, during his speech to the John Birch Society chapter, Mulvaney said that actions of the Federal Reserve have "effectively devalued the dollar" and "choke[d] off economic growth." In addition, he praised bitcoin as a currency that is "not manipulatable by any government”, Mother Jones reported.

If confirmed by the Senate, Mulvaney would be at the helm of an office that coordinates federal regulations, CNBC reported. Mulvaney said he looks forward to working with Congress to create policies that will be "friendly to American workers and businesses."

"The Trump administration will restore budgetary and fiscal sanity back in Washington after eight years of an out-of-control, tax and spend financial agenda," he said.

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October 19 14:00 UTC Released

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