#Trump to Form Cryptocurrency Advisory Council#
Hot Topic Overview
Overview
Upon assuming office, Trump is expected to sign an executive order to establish a cryptocurrency advisory council and ease regulatory burdens on crypto companies, facilitating the adoption of digital assets. This initiative stems from Trump's commitment last July to give the cryptocurrency industry a voice in government. The market anticipates this news will propel Bitcoin prices upward and potentially achieve new highs. Although Congress and the White House will support cryptocurrencies by 2025, the market might require time to experience the impact.
Ace Hot Topic Analysis
Analysis
According to multiple sources, former US President Donald Trump plans to issue an executive order shortly after taking office to create a cryptocurrency advisory council. The council is aimed at easing regulatory burdens on crypto companies and promoting the adoption of digital assets. The move stems from an idea first floated by Trump in July of last year, seeking to give the crypto industry a voice in government. Bloomberg reported that Trump could announce the formation of the council in his executive order, highlighting it as a national priority. Investors expect any statements from the new administration to push bitcoin prices higher, potentially setting new highs. However, Wall Street has also issued a warning that while Congress and the White House are expected to support cryptocurrencies by 2025, which would support innovation in the industry and asset class, it may take some time for the market to feel the impact.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Trump administration will establish a cryptocurrency advisory council to provide a voice for the cryptocurrency industry.
The Trump administration will issue an executive order to ease the regulatory burden on cryptocurrency companies and promote the adoption of digital assets.
The Trump administration will make cryptocurrency a national priority and support innovation in the cryptocurrency industry.
The Trump administration's policies will drive bitcoin prices higher and potentially set new highs.