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Recent developments indicate that former President Trump is enlisting the expertise of White House AI and cryptocurrency czar David Sacks to form a dedicated cryptocurrency advisory board. This initiative aims to appoint around 24 influential CEOs and founders from the cryptocurrency sector, with a goal of shaping policy related to digital assets. The board is expected to facilitate collaboration with Congress on pertinent cryptocurrency legislation and to work towards establishing a strategic Bitcoin reserve, fulfilling a campaign commitment made by Trump.
In its efforts to enhance regulatory transparency, the advisory board will liaise with critical government entities such as the SEC, CFTC, and the Treasury Department. As part of this initiative, several prominent figures from the crypto industry have engaged with Trump at his Mar-a-Lago estate. This includes meetings with notable leaders like Kris Marszalek from Crypto.com, who discussed regulatory-friendly policies, and Michael Saylor of MicroStrategy, who addressed Bitcoin’s influence on the U.S. economy.
Additionally, Brian Armstrong, CEO of Coinbase, has been in discussions with Trump recently, further solidifying the connections between the former administration and the cryptocurrency domain. Other key industry figures, such as Brad Garlinghouse of Ripple and Jeremy Allaire from Circle, have also participated in high-profile meetings, indicating a concerted effort to cultivate a favorable landscape for cryptocurrencies within the U.S.
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