#Trump Forms Cryptocurrency Committee#

Trump plans to issue an executive order shortly after taking office to create a cryptocurrency advisory council aimed at easing regulatory burdens on cryptocurrency companies and promoting digital asset adoption. The move stems from an idea first floated by Trump in July of last year, aiming to give the cryptocurrency industry a voice in government. Bloomberg reports that Trump is likely to announce the creation of the council in his executive order, and make it a national priority. Investors expect any announcement by the new administration to drive Bitcoin prices higher, potentially setting new highs. While Wall Street warns that it could take time for the market to feel the effects, Congressional and White House support for cryptocurrencies in 2025 will drive innovation in the industry and asset class.