US crypto companies compete for a spot on Trump's digital currency advisory council

Major cryptocurrency companies in the US are fiercely competing for a position on President Donald Trump's Digital Currency Advisory Council. The list of participating companies includes giants like Ripple, Kraken, and a16z. This council will not only play a role in shaping cryptocurrency policy in the US but will also help establish a national Bitcoin reserve fund, a commitment that Trump made during his campaign.

In this context, Coinbase CEO Brian Armstrong had a private meeting with Trump, although the details of their discussion have not been disclosed. Industry insiders hope that the council will promote a clearer legal framework, support the development of cryptocurrency companies, and facilitate more effective regulation of the industry.

The current political outlook favors the growth of the cryptocurrency industry, with many candidates friendly to the sector being elected to Congress, creating opportunities for more favorable policies regarding digital currency activities in the future.