The new US President Trump will officially take office on January 20. After taking office, he plans to set up a Crypto.com Advisory Council, which is expected to provide guidance on digital asset policies, cooperate with Congress to draft crypto-related legislation, and possibly promote the establishment of a strategic Bitcoin reserve.

At the same time, the committee will also cooperate with major government agencies including the US Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Treasury Department to enhance regulatory transparency and create an environment conducive to the development of cryptocurrencies, which will have a significant impact on the industry.

According to a recent Bloomberg report, the Trump administration plans to appoint about 24 CEOs and founders of the cryptocurrency industry as members of the Crypto.com Advisory Council. Many of the potential appointees have met with Trump multiple times and maintained close contact with him, but Trump and his key advisers, including the incoming White House AI and Crypto.com Czar David Sacks, are still evaluating potential candidates.

Who are the potential candidates? Is it worth laying in wait for related stocks or tokens?

According to Cryptonews, since Trump's victory in November last year, many important figures in the cryptocurrency industry have visited Mar-a-Lago, and these people are likely to become members of the Crypto.com Advisory Council. In this situation, taking a position in the stocks of these crypto-related companies in advance may contain considerable potential returns. Here is a quick summary for you.

• Crypto.com CEO Kris Marszalek has met with Trump in person to discuss friendly crypto policies and his potential role within the government.
• MicroStrategy CEO Michael Saylor has also recently met with Trump's son Eric Trump to discuss the role of BTC in the US economy.
• Coinbase CEO Brian Armstrong has also visited Trump recently.

Other notable visitors to Mar-a-Lago include Ripple CEO Brad Garlinghouse, who had dinner and took a photo with Trump earlier this month, as well as Circle CEO Jeremy Allaire, who made a large cryptocurrency donation to Trump's inauguration committee.

Jeremy Allaire announced last Thursday that Circle has donated 1 million USDC to Trump's inauguration committee, possibly in an effort to gain support in the formation of the new government's advisory team.

The industry is preparing for the first Crypto Gala

Last December, Trump announced the appointment of former North Carolina congressional candidate Bo Hines as the executive director of the newly established Crypto.com Advisory Council, who will report directly to David Sacks. Trump stated at the time that the two will work together to promote innovation and growth in the digital asset space, while ensuring that industry leaders have the resources they need to succeed.

As Trump's inauguration day approaches, the cryptocurrency industry is planning to hold a major event called the "First Crypto Gala" to support and honor the incoming Trump administration. The event will be held on the 17th in Washington, DC, and is co-hosted by BTC Inc. CEO David Bailey, the advocacy group Stand With Crypto, and multiple cryptocurrency organizations.

The gala will be held at the Andrew W. Mellon Auditorium, with tickets priced at $2,500 including cocktails, hors d'oeuvres, and valet parking. It is reported that David Bailey is also one of the potential candidates being considered for the Crypto.com Advisory Council.