The potential candidates for Trump’s crypto council: who they are and what they could mean for the sector

The administration of Donald Trump might soon include candidates for a advisory council on crypto, an initiative that would mark a significant evolution in the regulation of the sector in the United States.

According to recent rumors, names of influential figures have emerged that could be part of this group. But who are these candidates and what impact could they have on crypto policies?  

Who could join Trump’s crypto council? The possible candidates 

In recent months, the President of the United States has shown a more favorable attitude towards cryptocurrencies, a change from his previous skeptical statements.

The idea of a crypto council suggests a more structured and targeted approach to the regulation of the sector. The choice of people who will be part of it will be crucial in determining the direction of future policies.  

According to reports, among the potential candidates are prominent names from the world of blockchain, finance, and politics. Some of these individuals have already shown strong support for cryptocurrencies, while others have a more institutional background.

One of the most discussed names is that of David Bailey, CEO of BTC Inc., known for his commitment to the promotion of Bitcoin. 

Bailey has recently intensified his involvement in political discussions related to cryptocurrencies, seeking to influence regulatory decisions in favor of the sector.  

Another likely candidate is Perianne Boring, founder of the Chamber of Digital Commerce, an organization that works to promote bull policies favorable to blockchain in the United States. 

His experience in dialogue with legislators could be valuable for ensuring balanced regulation.  

What implications for the crypto sector?

The creation of an advisory council on cryptocurrencies could have significant consequences for the market. 

If composed of figures favorable to the blockchain technology, the council could help reduce regulatory uncertainty that has often hindered the growth of the sector in the United States.

A clearer regulatory framework could encourage new investments and innovations, making the United States a more attractive environment for crypto companies. 

However, if the board included individuals with a more restrictive approach, the risk of stricter regulations would remain concrete.  

During his first term, Trump expressed contrasting positions on cryptocurrencies, criticizing Bitcoin and other digital currencies for their potential use in illicit activities. 

However, with the growing institutional adoption and the interest of strategic economic sectors, its attitude seems to have changed.  

The possible creation of a crypto council suggests that Trump might consider cryptocurrencies as an economic and political opportunity. 

Furthermore, if the crypto council were to become a reality, it could represent a clear signal of Trump’s willingness to collaborate with the sector to develop clearer and more predictable regulation.