Crypto Advocate Stephen Miran Takes Top Role in Donald Trump’s Economic Council

Key Takeaways

• Donald Trump wants Stephen Miran to head the Council of Economic Advisers.
• Miran is currently a senior strategist at Hudson Bay Capital Management.
• Miran criticized Treasury Secretary Janet Yellen, accusing her of manipulating markets.

President-elect Donald J. Trump has appointed Stephen Miran to lead the Council of Economic Advisers.

Miran, a former Treasury Department official with a reputation for bold financial policy positions, brings sharp critiques of current economic leadership and a distinct perspective on the crypto industry to the role.

Trump Pick Stephen Miran In Economic Council

Trump celebrated the pick on his social media , sharing

“Steve will work with the rest of my economic team to deliver a great economic boom that lifts up all Americans.”

The Council of Economic Advisers, a group of experts within the White House, plays a key role in advising the president on economic policy.

Miran, who served as a Treasury Department official during Trump’s first term, now works as a senior strategist at hedge fund Hudson Bay Capital Management.

His appointment is subject to Senate approval. Additionally, he has contributed $2,000 to political action committees affiliated with Trump’s campaign.

Miran Stance On Crypto

Much like most of Trump’s administration, Miran is pro-crypto.

He has garnered significant support from the crypto community, with notable backing from MicroStrategy CEO Michael Saylor.

In a recent interview , Miran voiced concerns about the current financial regulatory system, calling it overly restrictive and harmful to the functioning of financial institutions.

He emphasized the need for innovation as a key driver of growth, particularly highlighting cryptocurrency’s transformative potential.

“Crypto could play a significant role in driving innovation and contributing to the economic boom envisioned for a future Trump Administration,” Miran said.

Criticism Toward Yellen And Powell

Stephen Miran has not shied away from criticizing key figures in the outgoing administration, particularly Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome H. Powell.

In July, Miran, alongside Nouriel Roubini, a senior adviser at Hudson Bay Capital, published a paper challenging Yellen’s approach .

The paper accused her of manipulating markets to subtly boost economic activity—a claim Yellen firmly denied.

In response, she stated, “The paper proposes a strategy to ease financial conditions, and I can unequivocally assure you that no such strategy exists.”

Miran has also criticized Powell, specifically for his support of a stimulus bill in October 2020.

He argued that the decision was both “politically and economically misguided,” reflecting his broader concerns with current economic leadership.