Cryptocurrencies have rightfully surged following the U.S. elections, with the reasons for this growth becoming clearer each day. During this year’s Bitcoin 
$94,132 event, Trump made bold statements regarding cryptocurrencies, particularly Bitcoin. Now is the time for concrete actions.
Formation of a Cryptocurrency Team
For the first time, there are plans to establish a dedicated cryptocurrency team at the governing center of the state. A recent Bloomberg report indicates that Trump is researching potential members for this team, suggesting significant announcements may be forthcoming.
Team’s Role and Responsibilities
Insider sources did not provide details on the power, scope, or position of the team to be formed at the White House. However, Trump’s promises to introduce clear regulations regarding cryptocurrencies and make the U.S. a hub for crypto innovation may give insight into the team’s potential role.
Previously, we shared that Trump would hold a private meeting with the CEO of Coinbase. However, his involvement with cryptocurrencies does not stop there. It is known that he has been consulting with other industry leaders, crypto lobbyists, and various factions on this matter. We will provide updates as more details emerge regarding this team’s responsibility to synchronize efforts with Congress, the White House, the SEC, and the Commodity Futures Trading Commission on cryptocurrency-related matters.
