#Trump Creates Cryptocurrency Committee#

According to multiple sources, former U.S. President Donald Trump plans to issue an executive order shortly after taking office, establishing a cryptocurrency advisory council aimed at easing the regulatory burden on cryptocurrency companies and promoting the adoption of digital assets. This plan was first proposed by Trump last July and is expected to be implemented shortly after he takes office. Bloomberg reported that Trump may announce the creation of the council in his executive order, giving the cryptocurrency industry a voice in the government. This news has sparked market optimism for cryptocurrencies, with Bitcoin prices rising again on Friday. Investors expect any statements from the new administration to drive Bitcoin prices higher and potentially set new highs. However, Wall Street has also issued a warning that while Congress and the White House will support cryptocurrencies in 2025, which will support innovation in the industry and asset class, it may take time for the market to feel the impact.