- Trump plans to appoint 24 crypto leaders for an advisory council on digital assets.
- Major firms like Ripple and Kraken donate millions to Trump’s inauguration efforts.
- Industry leaders push for the U.S. Bitcoin Reserve bill during Trump’s first 100 days.
As President-elect Donald Trump prepares to step into the White House next week, plans are underway for a 24-member crypto advisory council. According to a Bloomberg report citing anonymous insiders, the team will include CEOs and founders from the crypto industry, tasked with shaping policies for digital assets and advising on the creation of a U.S. Bitcoin reserve.
Interestingly, many of these potential appointees already share close ties with Trump. Recent meetings at Mar-a-Lago, Florida, included prominent figures like Michael Saylor, Brad Garlinghouse, Stuart Alderoty, and Kris Marszalek. While no official list has been released, the anticipation is building as discussions gain momentum.
Crypto Leaders Show Support Through Donations
In a move that signals growing collaboration, several crypto firms have made generous donations to Trump’s inauguration. Circle CEO Jeremy Allaire revealed a $1 million USDC contribution, following similar donations from Ondo and Kraken, both pledging $1 million each. Ripple went a step further, donating $5 million in XRP.
Adding to the festivities, crypto heavyweights are organizing an “Inaugural Crypto Ball” in Washington, D.C., two nights before Trump takes office. Sponsored by firms like Coinbase, Ondo, MetaMask, and Galaxy Digital, the event charges a hefty $2,500 entry fee—all in support of Trump’s new administration.
Big Expectations: The U.S. Bitcoin Reserve
If everything goes as planned, the Trump administration is set to announce its advisory council shortly after the inauguration, working closely with crypto czar David Sacks. Industry leaders are also urging Trump to pass the U.S. Bitcoin Reserve bill within his first 100 days—a move that could redefine the crypto landscape in the United States.
Final Thoughts
The crypto industry’s growing ties with Trump signal a potential shift in how digital assets are regulated and integrated into the U.S. economy. With donations pouring in and a high-profile advisory council in the works, it’s clear that big changes could be on the horizon. As always, stay informed and cautious as the crypto world navigates this new chapter.
