Donald Trump’s plan for a cryptocurrency advisory council is generating significant interest in the industry. Major companies such as Ripple, Coinbase, Kraken, and Circle are vying for a spot on the influential platform. With Trump’s pro-crypto policies expected to shape the industry, the council could become a key force in U.S. crypto strategy.
Which Crypto Company Wants a Seat on the Council?
Leading crypto companies are looking to strengthen ties with the Trump administration. Coinbase CEO Brian Armstrong recently met with Trump to discuss his potential role on the advisory council. Similarly, Circle CEO Jeremy Allaire has expressed interest in joining. Kraken and Andreessen Horowitz’s crypto arm, a16z, are also reportedly eyeing positions on the board.
The council is expected to operate under the National Economic Council or as an independent body. Its primary goals are to shape cryptocurrency policies, work with Congress, and align with regulators. Additionally, Trump is expected to appoint a “crypto czar” to lead these initiatives.
Trump’s Promises Energize the Crypto Industry
Trump’s presidential campaign emphasized a friendly stance toward the crypto industry, pledging to reverse the Biden administration’s strict policies. These promises had a positive impact on the market, pushing Bitcoin to $97,974 and close to a record high.
Cryptocurrency companies hope for improved access to banking services, reduced regulatory barriers, and clearer regulatory frameworks under the new administration. However, some experts warn against giving the industry unchecked influence. Blockchain Association CEO Kristin Smith said the council could be formed quickly, while Anchorage Digital CEO Nathan McCauley stressed the need for industry experts to play an active role in policymaking.
A New Era for US Cryptocurrency Strategy
Trump’s Crypto Advisory Council is poised to be a watershed moment for the industry, potentially shaping the long-term crypto strategy of the United States. As Dey There reports, the initiative underscores the growing importance of cryptocurrencies in economic and regulatory discussions, paving the way for broader adoption and innovation.
