🚨Donald Trump's#Bitcoinand crypto advisory board begins preparing US Bitcoin reserve strategy. REUTERS

The cryptocurrency council would likely be housed under the White House National Economic Council, which coordinates and implements the president's economic policies, or in a separate White House apparatus, two of the people said.

"It is expected to advise on digital asset policy, work with Congress on cryptocurrency legislation, establish Trump's promised bitcoin reserve and coordinate across agencies including the SEC, CFTC and Treasury."