Regulation
Crypto Executives Push for Influence in Trump’s New Policy Framework; Report
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 involvement in the project’s purchase of tokens related to his own ventures, the investment has drawn attention to his potential role in Trump’s crypto framework.
Crypto executive MicroStrategy co-founder Michael Saylor, a well-known advocate of Bitcoin, also expressed interest in advising the administration on cryptocurrency policy. In a Bloomberg interview, Saylor stated,
“I’m always willing to provide a thought on constructive digital asset policy, either in confidence or publicly.”
Trump’s Crypto Agenda Spurs Market Optimism
Trump’s pro-crypto stance has already fueled market enthusiasm, with Bitcoin recently surpassing $108,000 for the first time. This record-breaking rally followed Trump’s announcement of plans to create a U.S. Bitcoin strategic reserve, akin to the country’s strategic oil reserve.
The policy proposal has invigorated investors, as it signals a shift toward regulatory clarity and support for digital assets.
Subsequently, many in the industry view the proposed council as an opportunity to advocate for policies that foster growth and innovation in the U.S. crypto market.
David Sacks Tasked with Dual AI and Crypto Mandate
David Sacks, a former PayPal executive and seasoned investor, will lead the administration’s efforts in cryptocurrency and artificial intelligence.
Known for his role in building enterprise software company Yammer, which was acquired by Microsoft for $1 billion, Sacks brings experience in both technology and business.
Sacks’ appointment marks a strategic move by Trump to position the U.S. as a global leader in emerging technologies. In addition to guiding crypto regulations, Sacks is expected to focus on developing a robust AI framework and safeguarding free speech in the tech space.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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