Major

Donald Trump

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/trumps-proposed-crypto-advisory-council-attracts-major-industry-players/" data-wpel-link="internal">Trump’s Proposed Crypto Advisory Council Attracts Major Industry Players</a> 
Former President Donald Trump’s proposed <a href="https://en.coin-turk.com/cryptocurrency-market-faces-major-downturn/" data-wpel-link="internal">crypto</a> advisory council has garnered significant interest. Prominent <a href="https://en.coin-turk.com/crypto-analyst-predicts-bitcoin-price-could-drop-50-below-2023-peak/" data-wpel-link="internal">cryptocurrency</a> companies such as Ripple , Kraken, Circle, and <a href="https://en.coin-turk.com/crypto-exchanges-in-australia-expect-increase-in-market-activity/" data-wpel-link="internal">Coinbase</a> are competing to be part of this new structure. The industry eagerly anticipates how Trump’s crypto-friendly policies will impact the sector. 
<h2 style="text-align: justify" id="strong-which-crypto-companies-want-to-join-the-council-strong">Which Crypto Companies Want to Join the Council?</h2> 
Major players in the crypto world are preparing to establish closer ties with the Trump administration. Coinbase CEO Brian Armstrong recently met with Trump, discussing his potential role in the council. Circle CEO Jeremy Allaire has also expressed a clear desire to join the council. Additionally, Kraken and the crypto branch of Andreessen Horowitz, a16z, are expected to participate. 
<figure id="attachment_409171" aria-describedby="caption-attachment-409171" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-409171" src="https://coin-turk.com/wp-content/uploads/2024/11/Donald-Trump-Donald-Trump.jpg" alt="" width="1280" height="720">
 <figcaption id="caption-attachment-409171" class="wp-caption-text">
 Donald Trump Crypto Advisory Council
 </figcaption>
</figure> 
The advisory council is planned to be structured either under the White House’s National Economic Council or as an independent body. It is expected to regulate cryptocurrency policies, collaborate with Congress, and ensure harmonization among regulatory agencies. Furthermore, Trump is anticipated to appoint a “crypto czar” to lead these efforts. 
<h2 style="text-align: justify" id="strong-trump-s-promises-energize-the-sector-strong">Trump’s Promises Energize the Sector</h2> 
During his presidential campaign, Trump exhibited a friendly approach towards the sector. He pledged to end the Biden administration’s stringent crypto policies. These promises have brought Bitcoin (BTC) prices close to record levels. Cryptocurrency firms anticipate easier access to banking services, reduced regulatory pressure, and clearer legal frameworks from the new administration. 
However, some experts caution against allowing the industry to write its own rules. Kristin Smith, CEO of the Blockchain Association, stated, “It’s possible to quickly establish the council,” indicating that the process could be completed soon. Nathan McCauley, CEO of Anchorage Digital, emphasized the importance of industry experts playing an active role in policy formation. 
Trump’s proposed crypto advisory council is regarded as a significant milestone for the industry. Its establishment is expected to play a decisive role in shaping the U.S. cryptocurrency strategy. 
The post <a href="https://en.coin-turk.com/trumps-proposed-crypto-advisory-council-attracts-major-industry-players/" data-wpel-link="internal">Trump’s Proposed Crypto Advisory Council Attracts Major Industry Players</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Trump’s Proposed Crypto Advisory Council Attracts Major Industry Players

Table of Contents

COINTURK NEWS

Other articles published on Nov 22, 2024

Bank of Russia flags dual risk factors for real-world assets

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

Teenager Who Made $300 Million From Dogecoin (DOGE) Reveals Why WallitIQ Is The Next BTC-Like Alt...

Small Steps, Big Wins—This New Coin Over 500% Potential Could Make ADA Jealous!

FTX Token Surges 31% to $2.64 Amid $16.5B Repayment Plan

Tron and Kaspa Face Off: Which Cryptocurrency Could Deliver Bigger Gains in 2025?

Join our free newsletter for daily crypto updates!