Top Crypto Firms Compete for Trump’s Bitcoin Advisory Council

In a major move for the crypto industry, Donald Trump's incoming administration is preparing to establish a crypto advisory council that could oversee the creation of a national Bitcoin reserve.

The council aims to influence U.S. cryptocurrency policy and promote blockchain development, aligning with Trump’s campaign promise to create a more crypto-friendly regulatory environment.

Top blockchain firms, including Ripple, Kraken, Circle, and Coinbase, are reportedly vying for representation on the council. Industry insiders reveal that discussions about its structure, goals, and members are already underway.

The proposed council is expected to focus on crafting digital asset policies, advising Congress on legislation, and collaborating with regulatory bodies like the SEC, CFTC, and the Treasury Department. It may also manage the Bitcoin reserve initiative to strengthen U.S. crypto assets and involve former policymakers to provide balanced oversight.

The council stems from Trump’s announcement during a Bitcoin conference in Nashville, where he committed to supporting blockchain innovation as a key element of his economic strategy. If successful, this initiative could mark a turning point in integrating cryptocurrency into national financial policies.