TRUMP'S CRYPTO ADVISORY COMMITTEE TO ESTABLISH U.S. BITCOIN RESERVE
- A new Cryptocurrency Advisory Committee is in the works, that will influence national digital asset policies, and revamp U.S. regulations, per Reuters.
Key Details:
- The committee is expected to oversee the creation of a strategic Bitcoin reserve, aiming to position Bitcoin as a key player in U.S. economic policy.
- This advisory group will work closely with federal agencies like the SEC, CFTC, and the Treasury to streamline and create effective crypto regulations.
Industry Leaders Join the Table:
- Per reports, leading U.S. crypto firms such as Kraken, Circle, and Coinbase are competing for a spot on the advisory committee.
- Executives from firms such as Andreessen Horowitz and Paradigm are also pushing for representation to help shape the future of U.S. crypto regulation.
'Crypto Czar' Role:
- Trump’s transition team is also considering the creation of a crypto "tsar"—a key figure who would lead the council and facilitate the evolution of U.S. crypto policies.
- Chris Giancarlo, former head of the CFTC, is reportedly a frontrunner for this role.
