It was reported that the Crypto Advisory Council, which will advise the newly elected #US President #donaldtrump on the crypto department, will work to create the promised Bitcoin reserve.
According to Reuters, the meeting in question will be established under the National Economic Council in the White House or as a separate unit. The council will undertake activities such as directing policies regarding digital assets, working with Congress on crypto regulations, creating the Bitcoin reserve promised by Trump, and ensuring coordination between the SEC, CFTC and Treasury Department institutions.
The news also stated that many crypto administrations such as Ripple, Kraken and Circle are competing to take part in these meetings. According to Reuters, these companies aim to have a say in the changes Trump plans to make in crypto policies.
It was claimed that investment companies Paradigm and Andreessen Horowitz are also included among the companies with intense competition.
Bitcoin Magazine CEO David Bailey, who organized the Bitcoin 2024 conference where Trump spoke in July, stated that he had talked with Trump about Bitcoin policies and said, "I aim to have members of the leading Bitcoin and crypto companies in the US represented at the meeting. It is completely voluntary to take part in the council and offer freedoms."
Bitcoin has reached 99 thousand days after this news, which fell to the agencies as a last minute.
Trump made a full-scale display of crypto throughout the election campaign. The 47th president of the US, being a pro-Bitcoin president, had been in the valley of ending the pressure on crypto investors and paving the way for the sector.
#BTC100KToday? #BTC #binance
