PANews reported on November 23 that according to Reuters, Trump promised to set up a new committee as part of a crypto-friendly government. People familiar with the matter said his transition team is discussing how to build and equip the committee and which companies should be included. According to multiple digital asset industry executives, many crypto companies such as Ripple, Kraken and Circle are vying for seats on the cryptocurrency advisory committee that President-elect Trump promised to establish, seeking to have a say in his planned US policy reforms. But some consumer groups have warned that the cryptocurrency industry should not be "both a referee and a player," and some sources said ethical considerations could slow down personnel appointments. But others said it makes sense to involve industry experts in key policy issues.
Trump has courted the industry’s support and campaign contributions by promising to become the “crypto president” and end Biden’s crackdown on crypto companies that regulators accuse of violating securities and anti-money laundering laws. Trump is also pushing for an executive order guaranteeing crypto companies access to banking services and ending enforcement actions against them, among other changes.
