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The fight for seats on Trump's crypto council has begun

The fight for seats on Trump's crypto council has begun

HappyCoinNewsHappyCoinNews2024/11/23 04:22
By:HappyCoinNews

Reuters, citing informed sources, reported , that companies operating in the crypto market are making significant efforts to get seats on the new cryptocurrency council under the Donald Trump administration.

Among the companies reportedly seeking a seat on the board are Paradigm, Ripple Labs, Creak , Andreessen Horowitz (a16z), Coinbase, Circle and others.

In addition, the council may also include former politicians and federal law enforcement officers. The publication's sources claim that representatives of some companies are trying to talk to Trump to personally discuss the possibility of joining the council.

As an example, they point to a meeting that took place with the participation of the head of the Coinbase exchange, Brian Armstrong. Most likely, the event discussed personnel issues and possible changes in government policy regarding the cryptocurrency market in the United States.

As for the council itself, it will likely advise the White House on issues related to cryptocurrency regulation, work with the US Congress on cryptocurrency legislation, and coordinate work between various agencies.

It is claimed that the council will decide to recommend that the US government create a strategic reserve in bitcoins, which could become an additional catalyst for the growth of the first cryptocurrency's quotes.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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