PANews, November 23, reports that, according to Reuters, Trump has promised to establish a new committee as part of a crypto-friendly government. Sources say his transition team is discussing how to structure and staff the committee, and which companies should be included. Several executives from the digital asset industry revealed that many crypto companies, including Ripple, Kraken, and Circle, are vying for seats on the cryptocurrency advisory committee that President-elect Trump has promised to establish, seeking a voice in his planned U.S. policy reforms. However, some consumer groups have warned that the cryptocurrency industry should not 'be both the referee and the player,' and some sources indicate that ethical considerations may slow down personnel appointments. Others argue that involving industry experts in key policy issues makes sense.
Trump has gained support and campaign donations from the industry by promising to become the 'crypto president' and end Biden's crackdown on crypto companies accused of violating securities and anti-money laundering laws. Trump is also pushing for an executive order to ensure that crypto companies can access banking services, end enforcement actions against them, and implement other changes.
