President-elect Donald Trump’s administration plans to appoint 24 CEOs and founders to a crypto advisory council, aiming to integrate industry expertise into cryptocurrency policy-making.
The incoming Trump administration is set to form a crypto advisory council, potentially including 24 top industry leaders, to guide cryptocurrency policy decisions.
Trump Administration to Form Crypto Advisory Council
President-elect Donald Trump’s incoming administration is reportedly planning to establish a cryptocurrency advisory council, which could include up to 24 CEOs and founders from the industry. This move signals a significant step toward integrating industry expertise into government decision-making on cryptocurrency policies.
Industry Leaders to Shape Crypto Policies
The council is expected to include prominent figures from the cryptocurrency and blockchain sectors. According to sources close to the administration, the goal is to leverage the knowledge and experience of these leaders to craft policies that foster innovation while ensuring regulatory compliance.
This initiative comes at a time when the cryptocurrency market is experiencing rapid growth and increasing scrutiny from regulators. By involving industry leaders, the administration aims to strike a balance between innovation and consumer protection.
Reactions from the Crypto Community
The announcement has been met with mixed reactions from the cryptocurrency community. Some view it as a positive step toward legitimizing the industry, while others express concerns about potential conflicts of interest and the influence of large corporations on policy-making.
As the details of the council’s formation and its members are yet to be finalized, the crypto community remains watchful of how this advisory body will shape the future of cryptocurrency regulation in the United States.
