The post Crypto Executives Push for Influence in Trump’s New Policy Framework; Report appeared on BitcoinEthereumNews.com.

The cryptocurrency industry is positioning itself to have a greater say in U.S. digital asset regulations as President-elect Donald Trump prepares to take office. Crypto executives and investors are actively lobbying to secure seats on a proposed advisory council, which could play a pivotal role in shaping future cryptocurrency policy. Trump  Advisory Council Could Reshape Crypto Regulation President-elect Trump is reportedly weighing two different structures for the advisory council that will provide guidance on cryptocurrency policies. According to sources familiar with the discussions, one option involves a smaller council of approximately 10 senior executives, such as CEOs of major crypto firms. This smaller group would wield significant influence over policy decisions. An alternative option being considered is a larger, ceremonial council composed of 50 to 100 members, serving mainly as an information-gathering body. The final decision is expected to be announced in January, shortly after Trump’s inauguration. An executive order to establish the council is anticipated within the first weeks of the new administration. Another crypto executive, David Sacks, is Trump’s appointee as the first-ever AI and cryptocurrency czar, is expected to oversee the council’s formation. Sacks will report directly to the White House Office of Science and Technology Policy, making him a key figure in guiding U.S. crypto and AI strategies. Industry Leaders Actively Lobby for Influence Prominent cryptocurrency executives have increased their efforts to secure influence in shaping the new administration’s policies. Kris Marszalek, CEO of Crypto.com, recently met with Trump at Mar-a-Lago to discuss regulatory issues and potential council appointments. Additionally, reports indicate that other high-profile figures, such as Justin Sun, founder of Tron, have aligned themselves with Trump’s crypto initiatives. Sun revealed that he invested $30 million in a project called World Liberty Financial, promoted by Trump and his sons. While Sun stated he had no…

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Filed under: News - @ December 20, 2024 6:18 am