Bitcoin founder Mick Mulvaney has been appointed director of the US Office of Budget . Mulvaney has previously participated in government committees on virtual currency regulation and last year told the John Birch Society that the Federal Reserve had " effectively devalued the currency " . In the same speech , he praised it as not being not manipulatable by any means . Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have ... read more. Mulvaney is the latest well - known backer of the cryptocurrency to be appointed to the administration of President Donald Trump .
Bitcoin founder Mick Mulvaney has been appointed director of the US Office of Budget . Mulvaney has previously participated in government committees on virtual currency regulation and last year told the John Birch Society that the Federal Reserve had " effectively devalued the currency " . In the same speech , he praised it as not being not manipulatable by any means . Mulvaney is the latest well - known backer of the cryptocurrency to be appointed to the administration of President Donald Trump .