New Era

Donald Trump

Brian

As President-elect Donald Trump prepares for office, the crypto world is excited. Trump’s promise to establish a dedicated crypto advisory council at the Bitcoin 2024 conference held in Nashville sets the stage for a transformative U.S. digital asset policy era.&nbsp;
Notably, major players are scrambling for a seat at the table. These industry leaders are eager to shape a regulatory landscape that could define the future of blockchain and digital assets in America.
<h2 id="b-the-donald-trump-crypto-council-a-promise-with-big-implications-b">The Donald Trump Crypto Council: A Promise with Big Implications</h2>
In July, Trump pledged to create a crypto advisory council as part of his crypto-friendly administration. His transition team is now working on its structure, participants, and role within the government.&nbsp;
The council will be key in shaping digital asset legislation and coordinating with regulatory agencies. This includes <a href="https://thecoinrise.com/crypto-community-split-on-potential-sec-chair-candidate-in-trumps-administration/" rel="noopener noreferrer nofollow">the Securities and Exchange Commission (SEC)</a>, the Commodity Futures Trading Commission (CFTC), and the Treasury Department.
These agencies could <a href="https://thecoinrise.com/texas-lawmakers-eye-strategic-bitcoin-reserve-high-national-and-global-interest/" rel="noopener noreferrer nofollow">establish a national Bitcoin reserve</a>, which Trump has championed. The council would be placed under the National Economic Council or a specialized White House. This shift highlights the strategic importance of cryptocurrency policy in the administration’s economic agenda.
<h2 id="b-who-wants-a-seat-at-the-table-b">Who Wants a Seat at the Table?</h2>
Major crypto companies like <a href="https://thecoinrise.com/ripple-ceo-faces-industry-criticism-amid-rumors-of-trump-meeting-and-xrp-rally/" rel="noopener noreferrer nofollow">Ripple Labs</a>, Kraken, and Circle are lobbying for a spot on Trump’s proposed crypto advisory council. Coinbase CEO Brian Armstrong and Circle’s Jeremy Allaire have expressed interest.
Industry veterans such as Heath Tarbert and Brian Quintenz are advising Trump’s team on crypto policy. While some critics worry about potential bias from industry insiders, others argue that expert input is necessary for effective regulation. Trump’s team is also considering creating a “crypto tsar” role to lead the council and bridge the gap between the industry and government.
<h2 id="b-a-new-era-for-crypto-policy-b">A New Era for Crypto Policy</h2>
If Trump fulfills his promise, the U.S. will have its first presidential council focused on cryptocurrency, marking a big shift from Bitcoin’s early days. Experts like Kristin Smith from the Blockchain Association believe it could happen quickly, changing how the government works with digital assets.&nbsp;
By engaging with the crypto industry, Trump is signaling a policy shift away from President Biden’s tougher regulations. This shift could create a more collaborative relationship supporting innovation while addressing regulatory issues.
Trump’s pro-crypto stance has boosted Bitcoin to record highs and <a href="https://thecoinrise.com/bitcoin-could-hit-92k-if-trump-wins-election-predicts-bitwise-analyst/" rel="noopener noreferrer nofollow">reignited hopes for a $100,000 milestone</a>. His promises to ease banking restrictions and treat crypto as a strategic asset have supported him in the sector. However, consumer groups caution against letting the industry regulate itself, a concern that may influence the council’s structure and agenda.
The post <a href="https://thecoinrise.com/crypto-leaders-for-a-seat-on-donald-trump-advisory-council/" rel="noopener noreferrer nofollow">Crypto Leaders Push for a Seat on Donald Trump’s Advisory Council</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Crypto Leaders Push for a Seat on Donald Trump’s Advisory Council

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