(Reuters) cited anonymous informed sources reporting that U.S. President-elect Donald Trump has promised to establish the 'Crypto Advisory Council' within 100 days of taking office. Although many details are still under discussion, it is known that the council's main responsibilities will include: formulating cryptocurrency policy guidelines and promoting the establishment of a 'National Bitcoin Reserve'.
The core think tank for the White House's cryptocurrency policy.
Insiders reveal that the 'Crypto Advisory Council' will be directly under the White House and may be overseen by the National Economic Council, or operate as an independent unit. Its main responsibilities include:
Formulate policy guidelines related to cryptocurrency;
Collaborate with Congress to promote legislation;
Serve as a bridge to federal financial regulatory agencies such as the U.S. Securities and Exchange Commission (SEC);
Establish a 'National Bitcoin Reserve'.
Currently, executives from several cryptocurrency industry giants such as Ripple, Kraken, a16z (Andreessen Horowitz), and Paradigm are vying for seats on the council.
'Crypto Czar' position: A new role in U.S. policy.
In addition, the Trump team is also considering establishing the first-ever 'Crypto Czar' in White House history, highlighting the Trump administration's high regard for cryptocurrency.
(Blockke) reported yesterday (21) that this will be a core role specifically responsible for cryptocurrency policy, serving as a liaison among Congress, the White House, and various agencies with jurisdiction over cryptocurrency (including the SEC and CFTC).
Bitcoin is sprinting to a historical high, just a step away from $100,000.
Since Trump won the election on November 5, the market has high hopes for his 'crypto-friendly policies'. Bitcoin prices have skyrocketed, and early this morning (22), it briefly broke $99,000 on OKX, just a step away from the $100,000 mark.
Trump's strong support for Bitcoin has been evident during the campaign, as he has repeatedly emphasized the goal of making America the 'global cryptocurrency capital', undoubtedly further boosting market confidence.
Policy breakthrough: Is cryptocurrency opening a golden age?
Market experts believe that if the Trump administration can promote a clearer cryptocurrency regulatory framework and establish a National Bitcoin Reserve, it will lay a first-mover advantage for the U.S. in the cryptocurrency field. This will not only help solidify Bitcoin's position as 'digital gold' but may also attract more institutional and retail capital inflow, further invigorating the market.
Although the specific structure and personnel appointments of the 'Crypto Advisory Council' have not yet been fully finalized, the market is closely watching how these plans will affect U.S. cryptocurrency policy direction and international competitive position.
"Trump wants to deliver on his promise! The 'Crypto Advisory Council' is taking shape and will promote the establishment of a 'National Bitcoin Reserve'" This article was first published on (Blockke).
