#Trump Establishes Cryptocurrency Committee#

According to multiple sources, former US President Donald Trump plans to issue an executive order shortly after taking office, establishing a cryptocurrency advisory council aimed at easing the regulatory burden on cryptocurrency companies and promoting the adoption of digital assets. This initiative was first proposed by Trump in July last year, aiming to give the cryptocurrency industry a voice within the government. Bloomberg reports that Trump is likely to announce the formation of this council in his executive order and designate it as a national priority. The market anticipates that this move will drive Bitcoin prices upwards and potentially reach new highs. Although Wall Street cautions that it might take some time for the impact to be felt, it is expected that Congress and the White House will be supportive of cryptocurrencies in 2025, bolstering innovation within the industry and asset class.