#Trump Establishes Cryptocurrency Commission#

With Trump's inauguration looming, reports suggest he plans to issue an executive order establishing a cryptocurrency advisory council upon assuming office. The move, first proposed by Trump in July, aims to lighten the regulatory burden on cryptocurrency companies and encourage the adoption of digital assets. Bloomberg reports that the executive order could announce the formation of this council, giving the cryptocurrency industry a voice in government. The news is expected to boost Bitcoin prices and potentially push them to new highs. While Wall Street cautions that it might take time for the market to feel the impact, investors widely believe that the Trump administration's support for cryptocurrency will drive innovation in the industry and asset class.