Trump's Planned Crypto Council May Oversee Bitcoin Reserve: Report

Major players in the digital asset industry are vying for positions on President-elect Donald Trump‘s promised crypto advisory council.

According to Reuters, companies such as Ripple (CRYPTO: XRP), Kraken and Circle (CRYPTO: USDC) are among those seeking representation on the council, which Trump pledged to establish as part of his crypto-friendly administration.

The transition team is currently deliberating on the council’s structure, staffing and composition.

David Bailey, CEO of Bitcoin (CRYPTO: BTC) Magazine, who arranged Trump’s speech at a July bitcoin conference, told Reuters, “It’s being fleshed out, but I anticipate the leading executives from America’s bitcoin and crypto firms to be represented.”

Bailey added, “People are eager to advise and give input.”

The council is expected ...

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