#Trump Forms Cryptocurrency Advisory Council#

Trump plans to issue an executive order shortly after taking office aimed at easing regulatory burdens on cryptocurrency companies and promoting the adoption of digital assets. This would include the establishment of a cryptocurrency advisory council, which Trump first proposed in July last year. According to Bloomberg, the executive order could elevate cryptocurrency to a national priority and give the cryptocurrency industry a voice in government. Investors expect any announcement from the new administration to drive up the price of Bitcoin and possibly push it to new highs. However, Wall Street warns that while Congress and the White House are likely to embrace cryptocurrency by 2025, the market may take some time to feel the impact. Overall, Trump's actions signal that the U.S. government is taking cryptocurrency seriously and could provide support for the industry.