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President Donald Trump is preparing a directive to prioritize cryptocurrencies nationally. According to sources from Bloomberg, the regulation aims to enhance collaboration between the government and the cryptocurrency sector.
Establishment of a Cryptocurrency Advisory Council
With this directive, Trump intends to establish a “Cryptocurrency Advisory Council” that includes key figures from the crypto world. The council will be shaped by the direct involvement of industry representatives. Ron Hammond from the Blockchain Association indicated that members of this council will be determined by companies within the sector.
Other Cryptocurrency Initiatives on Trump’s Agenda
According to the Washington Post, Trump’s forthcoming regulations also include the repeal of the SEC’s controversial SAB 121 directive regarding cryptocurrency accounting. This move is expected to foster a more transparent environment within the industry.
Additionally, Trump is supportive of creating a “strategic reserve” that prioritizes U.S.-based cryptocurrencies. Reports from the New York Post suggest that this reserve could include American-origin cryptocurrencies like USDC, SOL, and XRP, aiming to position the U.S. as a leader in the crypto market.
Following Trump’s election, several states proposed legislation to establish Bitcoin 
$107,238 reserves. Representatives from Texas, Pennsylvania, Ohio, and Oklahoma have suggested creating Bitcoin reserves in their states. These developments are accelerating the shaping of the Trump administration’s positive stance towards cryptocurrencies.
Trump’s presidency will commence with events organized by cryptocurrency organizations. BTC Inc. and Stand With Crypto are set to host a “Crypto Ball” today in Washington, D.C. All these events aim to strengthen the relationship between the cryptocurrency sector and the administration.
