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.

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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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.