#Trump Forms Cryptocurrency Advisory Council#

According to multiple sources, former US President Donald Trump plans to issue an executive order shortly after taking office, aimed at easing the regulatory burden on cryptocurrency companies and promoting the adoption of digital assets. One key initiative is the establishment of a cryptocurrency advisory council, which will provide expert advice to the Trump administration on the cryptocurrency industry. This idea was first proposed by Trump in July last year and is now close to becoming reality. Bloomberg reports that Trump may announce the creation of this council in his executive order, giving the cryptocurrency industry a voice in government. Investors expect this move to boost Bitcoin prices and potentially push it to new highs. While Wall Street cautions that the market may take some time to feel the impact, it is widely believed that the Trump administration's positive stance towards cryptocurrencies will support innovation in the industry and asset class.