Trump Plans to Appoint 24 Crypto CEOs & Founders to Cryptocurrency Advisory Committee

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On January 13, President-elect Donald Trump is actively preparing to establish a Cryptocurrency Advisory Board in coordination with David Sacks, the White House's AI and Cryptocurrency Director. Accordingly, the Trump administration is expected to appoint around 24 CEOs and founders from major companies in the cryptocurrency industry to participate in this board.

The main objective of the board is to provide strategic policy guidance on crypto assets, coordinate with the US Congress in developing cryptocurrency-related legislation. In addition, Trump also prioritizes a plan to build a strategic Bitcoin reserve fund, to ensure the US's position in the global cryptocurrency market. This plan is part of his campaign commitment, emphasizing cooperation with major government agencies such as the SEC (Securities and Exchange Commission), CFTC (Commodity Futures Trading Commission), and the US Department of the Treasury to enhance transparency in regulations and create favorable conditions for the crypto industry to thrive.

Since Trump's election victory, Mar-a-Lago has become a hub attracting many prominent crypto industry leaders to meet and discuss the future of the sector.

  • Kris Marszalek, CEO of Crypto.com, has had a conversation with Trump about crypto-friendly policies and the potential to participate in advisory roles in the future government.
  • Michael Saylor, CEO of MicroStrategy, was seen discussing the potential role of Bitcoin in the US economy, especially using it as a strategic asset, with Eric Trump.
  • Brian Armstrong, CEO of Coinbase, has also met with Trump in recent weeks to share his views on crypto regulation and long-term strategy for the industry.

In addition, many other prominent crypto industry leaders have also appeared at Trump's events:

  • Brad Garlinghouse, CEO of Ripple, has taken a photo with Trump, sparking speculation about potential future collaboration.
  • Jeremy Allaire, CEO of Circle, known for his significant crypto contributions to Trump's inauguration fund, is also said to have had in-depth discussions on stablecoin policy.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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