Guess who President Trump just appointed as Director of the powerful Office of Management and Budget? – Bitcoin advocate Mike Mulvaney.
Mulvaney, age 49, is well equipped to help open the gates to the acceptance of cryptocurrencies in the US in this new age of the Trump administration. He graduated from Georgetown University as an Honors Scholar, the highest level of academic achievement, in International Economics, Commerce and Finance.
That earned him a full scholarship to attend law school at the University of North Carolina at Chapel Hill, where his focus was in antitrust law.
When he was elected to the US House of Representatives in 2011, he was the first Republican since 1883 to represent South Carolina’s 5th congressional district. He has solicited bitcoin donations for his campaigns.
Last Thursday, in a mostly party-line vote, Mulvaney won Senate approval 51-to-49.
As a House member, Mulvaney helped launch the Congressional Blockchain Caucus, along with Rep. Jared Polis (D-Colo) and David Schweikert (R-Ariz).