#Trump Establishes Cryptocurrency Advisory Council#

Trump's Crypto Advisory Council: Hot Analysis According to multiple sources, Trump plans to utilize executive power to alleviate regulatory burdens on cryptocurrency companies and promote the adoption of digital assets shortly after taking office. He will sign an executive order establishing a Cryptocurrency Advisory Council, an idea he first raised in July of last year. Bloomberg also reported that Trump might announce the formation of the council in his executive order, giving the cryptocurrency industry a voice in his government. Investors anticipate that any statements from the new administration will drive Bitcoin prices up, potentially reaching new highs. While Wall Street cautions that it might take time for the market to feel the impact, congressional and White House support for cryptocurrency in 2025 will propel innovation in the industry and asset class. Overall, Trump's move to establish a Cryptocurrency Advisory Council indicates his intention to prioritize cryptocurrency and provide further support to the industry.