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President-elect Donald Trump’s administration plans to nominate approximately 24 CEOs and founders to his proposed cryptocurrency advisory council, according to Bloomberg.
The council is expected to provide guidance on digital asset policy and collaborate with Congress to formulate cryptocurrency legislation. It also aims to establish a strategic Bitcoin reserve, fulfilling Trump’s campaign commitments. Additionally, it will work alongside major government agencies, including the SEC, CFTC, and Treasury, to enhance regulatory clarity and promote a pro-crypto environment.
As reported by Bloomberg, many likely appointees already have connections to Trump and have met with him in recent months. However, Trump and key advisors, including incoming White House AI and crypto lead David Sacks, are still assessing potential candidates for the council.
Top Crypto Executives Gather at Mar-a-Lago as Trump Forms New Advisory Council
Since Trump’s reelection in November, several notable figures from the cryptocurrency sector have visited Mar-a-Lago. Among them, Crypto.com CEO Kris Marszalek met with Trump to discuss crypto-friendly policies and possible roles within the administration.
MicroStrategy CEO Michael Saylor was also seen conversing with Eric Trump about Bitcoin’s role in the US economy. Coinbase CEO Brian Armstrong reportedly met with Trump in recent weeks as well.
Other prominent visitors include Ripple CEO Brad Garlinghouse, who was photographed with Trump, and Circle CEO Jeremy Allaire, recognized for his significant crypto contributions to Trump’s inaugural committee.
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On Thursday, Circle’s Allaire stated that the firm donated 1M USDC to Trump’s inaugural committee, aiming to gain favor as the incoming administration forms the advisory group.
Circle has contributed 1M USDC to President Trump’s Inaugural Committee. We’re excited to be building
a great American company, and the fact that the Committee accepted USDC is a testament to how far we’ve come, and the potential and strength of digital dollars.— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) January 9, 2025
Industry Prepares for ‘Inaugural Crypto Ball’
In December, Trump appointed Bo Hines, a former congressional candidate from North Carolina, to lead the newly formed Crypto Council. Hines will report directly to David Sacks. Trump confirmed that Hines and Sacks will focus on creating a supportive environment for the cryptocurrency industry.
“Bo will collaborate with David to promote innovation and advancement in the digital assets sector while ensuring industry leaders have the resources they need to thrive,” Trump stated.
Separately, the cryptocurrency industry is organizing a significant event, the ‘Inaugural Crypto Ball,’ on Jan. 17 in Washington, DC, to honor and support the incoming administration. This black-tie event is a collaborative effort by David Bailey’s BTC Inc, the advocacy group Stand With Crypto, and several other cryptocurrency organizations.
Taking place at the Andrew W. Mellon Auditorium, tickets are priced at $2,500 and include cocktails, hors d’oeuvres, and valet service. Furthermore, David Bailey is reportedly being considered for a potential position on the advisory council.
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