By Nermeen Nabil Khear 
According to Bloomberg, his administration plans to appoint around 24 CEOs and founders to a new crypto advisory council.
This group is expected to provide guidance on digital asset policies and help draft crypto-friendly legislation with Congress. Also, work on establishing a strategic Bitcoin reserve—key promises from Trump’s campaign trail.
Trump’s Crypto Council to Guide U.S. Crypto Policy
The advisory council will collaborate with major government agencies, including the SEC, CFTC, and Treasury, to create a clear regulatory framework and promote a pro-crypto environment. This could signal a turning point for the crypto industry, which has long been navigating murky waters when it comes to U.S. regulations.
Many of the likely appointees already have ties to Trump, with several having met him recently at Mar-a-Lago. Among the notable figures is Crypto.com CEO Kris Marszalek, who discussed potential policies and roles in the administration. MicroStrategy CEO Michael Saylor was also seen speaking with Eric Trump about Bitcoin’s role in bolstering the U.S. economy. Meanwhile, Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse have reportedly had their own sit-downs with Trump.
President Trump plans to create a 24-member crypto advisory council to draft legislation as he takes office next week.@IOHK_Charles had revealed his involvement in organizing a team to shape crypto policies, including a Bitcoin reserve and regulatory clarity.
Is the 2025 bull… pic.twitter.com/IXSNEZEeag
— Christern (@CswapIntern) January 13, 2025
Circle CEO Jeremy Allaire, another prominent player, has also been in the spotlight. Allaire revealed that Circle contributed $1 million in USDC to Trump’s inaugural committee to support the incoming administration’s crypto initiatives.
New Leadership for a New Era
In December, Trump appointed Bo Hines, a former congressional candidate, to lead the Crypto Council. Hines will work closely with David Sacks, Trump’s incoming White House AI and crypto czar, to foster innovation and growth in the digital asset space. “Bo will work with David to ensure the crypto industry has the resources it needs to thrive,” Trump said in a statement. With Hines and Sacks at the helm, the council aims to establish a supportive ecosystem for the crypto industry while promoting innovation.
Saylor on potentially serving the Trump administration on a crypto advisory council:
“I’m always willing to provide thoughts on constructive digital assets policy either in confidence or publicly, and if I’m asked to serve on some digital assets advisory council, I would… pic.twitter.com/LVcf5Droly
— MSTR Updates (@MSTRUpdates) December 18, 2024
The crypto industry is rallying behind Trump’s administration, organizing a black-tie event dubbed the “Inaugural Crypto Ball.” Scheduled for January 17th in Washington, DC, this gathering is spearheaded by David Bailey’s BTC Inc, advocacy group Stand With Crypto, and other organizations. It’s an opportunity for the industry to show its support and set the stage for a new chapter in U.S. crypto policy.
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