Crypto Firms Seek Seats on Trump's Advisory Council

As President-elect Donald Trump moves forward with plans to establish a crypto advisory council, major players in the cryptocurrency industry, including Ripple, Kraken, and Circle, are actively seeking positions on the board. The council, a promise made by Trump during his campaign, aims to shape U.S. digital asset policy and is expected to operate under the National Economic Council or as a separate entity. Industry leaders like Circle's Jeremy Allaire and Coinbase's Brian Armstrong have expressed interest in joining, while speculation surrounds the inclusion of firms such as Paradigm and Andreessen Horowitz's crypto arm a16z. The council's responsibilities will likely include advising on digital asset policies, collaborating with Congress on regulatory legislation, and establishing a Bitcoin reserve. Trump's transition team is currently strategizing the council's structure and potential members, generating significant interest within the crypto community.