A Number of Leading Cryptocurrency Companies’ Frontmen are Expected to Take Prominent Regulatory Positions within Donald Trump’s Cabinet

November 22, 2024

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A Number of Leading Cryptocurrency Companies’ Frontmen are Expected to Take Prominent Regulatory Positions within Donald Trump’s Cabinet

As President-elect Donald Trump prepares to take office, a number of leading cryptocurrency companies are vying for positions on his much-anticipated cryptocurrency advisory council. The council, first announced at a Bitcoin conference in Nashville in July, aims to shape the future of U.S. cryptocurrency policy.

Companies seeking a seat at the table include major players like Ripple, Kraken, and Circle, as well as venture capital firms like Paradigm and Andreessen Horowitz. Coinbase CEO Brian Armstrong recently met with Trump to discuss the council. The council will likely be housed within the White House National Economic Council (NEC), which oversees economic policy.

His agenda includes developing digital asset legislation, coordinating regulatory oversight between the SEC and CFTC, and pushing Trump’s proposal for a national Bitcoin reserve. The council could nominate potential candidates to lead the group, including former CFTC Chairman Heath Tarbert and Andreessen Horowitz’s Brian Quintenz.