2024

Bitcoin

when

Drops

<h4><strong>During a <a href="https://x.com/balajis/status/1817342210549199154" target="_blank" rel="noopener noreferrer nofollow">Bitcoin conference</a> in Nashville last July, Trump promised a new council that would focus on crypto-friendly regulations. </strong></h4>
<p>His team is now working on the details of how to set up and staff the council, and many top crypto firms are vying for a seat.</p>
<h5><strong>Crypto Leaders Push for a Seat on Trump’s Advisory Council</strong></h5>
<p>According to <a href="https://www.reuters.com/technology/crypto-industry-jockeys-seats-trumps-promised-council-2024-11-21/" target="_blank" rel="noopener noreferrer nofollow">Reuters</a>, companies like Ripple, Kraken, and Circle, along with venture firms Paradigm and a16z (the crypto arm of Andreessen Horowitz), are pushing to be part of this influential group. These companies believe that having a voice in the council would help them shape the future of cryptocurrency in the U.S. They want to make sure their interests are represented as Trump’s administration works on creating new policies for the growing digital asset market.</p>
<p>David Bailey, CEO of Bitcoin Magazine, who helped organize the event where Trump spoke, said that the council will likely include leading executives from major U.S. crypto firms. He’s been in talks with the President-elect about the role of <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> and crypto in America’s future. Bailey expects the crypto sector’s top leaders will play a key role in advising the government on how to handle these emerging technologies.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">BREAKING: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Donald Trump’s ‘crypto advisory council’ expected to set up strategic <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> reserve, Reuters reports. <a href="https://t.co/b6axNJ61oI" rel="noopener noreferrer nofollow">pic.twitter.com/b6axNJ61oI</a></p>
 <p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1859678570811097381?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>This move by Trump to create a crypto advisory council has many in the industry excited. As it could bring much-needed clarity to the regulatory environment surrounding digital currencies.</p>
<h5><strong>More About Trump’s Advisory Council</strong></h5>
<p>Companies like <a href="https://www.altcoinbuzz.io/?s=ripple" target="_blank" rel="noopener noreferrer nofollow">Ripple</a>, Kraken, and Circle hope to be able to sit at the table and share their expertise. This will help guide the government toward policies that are fair and forward-thinking.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">A slew of crypto companies including <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a>, <a href="https://twitter.com/krakenfx?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@krakenfx</a> and <a href="https://twitter.com/circle?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@circle</a> are jostling for a seat on President-elect <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@realDonaldTrump</a>‘s promised crypto advisory council</p>
 <p>It is expected to advise on digital asset policy, work with Congress on crypto legislation, establish Trump’s… <a href="https://t.co/dxVSB71tAl" rel="noopener noreferrer nofollow">pic.twitter.com/dxVSB71tAl</a></p>
 <p>— ICO Drops (@ICODrops) <a href="https://twitter.com/ICODrops/status/1859821943928582626?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 22, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>For many in the crypto world, this is a golden opportunity. The push for a crypto-friendly government is not just about policy. But about making sure that the U.S. remains competitive in a rapidly growing and evolving market. As the debate heats up, it’s clear that the crypto industry is determined to be heard. Also, to help steer the country in the right direction when it comes to digital assets.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/crypto-firms-compete-for-trumps-advisory-council/" rel="noopener noreferrer nofollow">Crypto Firms Compete for Trump’s Advisory Council</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Crypto Firms Compete for Trump’s Advisory Council

Altcoin Buzz

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