#Trump Plans to Establish a Crypto Currency Advisory Board#

The news of Trump's proposed cryptocurrency advisory council has sparked market buzz, with the council expected to be established by executive order shortly after Trump assumes the presidency. The formation of the council aims to alleviate regulatory burdens faced by cryptocurrency companies and promote the adoption of digital assets. Bloomberg reported that Trump may announce the establishment of the council in his executive order, giving the cryptocurrency industry a voice in his government. The market generally believes that the formation of the council will have a positive impact on the cryptocurrency industry and drive Bitcoin prices higher. While Wall Street cautions that it may take some time for the market to feel the impact, investors anticipate any statement from the new administration next week to push Bitcoin prices higher, potentially hitting new highs.