Blockchain Caucus Founder and Congressman Mick Mulvaney may become the head of finances in Trump’s administration.

The nomination announced by CNN Money makes experts wonder if the president-elect and his prospective budget director will find a common ground in regard to many principal questions including cryptocurrencies.

South Carolina’s congressman Mulvaney gained fame for his strict position over the national debt. During the elections campaign, he ardently argued for cutting the national debt at all costs. It seems likely that he is going to pursue this issue further as Director of Budget and Finance Office in Trump’s administration.

The article on CNN money does not mention bitcoin or blockchain. Meanwhile, senator Mulvaney is a known supporter of crypto technologies. This September, he and Jared Polis formed a bipartisan congressional caucus to promote distributed ledger. In partnership with DC-based Coin Center, the caucus aims to inform US senators about the recent developments in bitcoin and blockchain economy.

“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,” Mulvaney stated in the official announcement.

The news about Mulvaney was met with a cautious optimism by the members of the bitcoin community. However, in the dedicated thread on Reddit, the discussion quickly turned from the fact of nomination to the recent US presidential elections and the personality of Donald Trump.

According to his official bio, Mick Mulvaney graduated with honors in International Economics, Commerce, and Finance from Georgetown University. Later, the future senator got a full academic scholarship at the law school at the University of North Carolina at Chapel Hill. He completed his formal education at Harvard Business School's OPM program in 2006 and is entered the Lower House of the US Congress in 2010.

Roman Korizky

Image via AP