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Everyone in crypto ‘begging’ for a spot on Trump advisory council

Donald Trump's Crypto Advisory Council's seat has become the hottest ticket in Washington DC. Titan and major donors in the industry are competing for the Board of Directors' spots, which is expected to make important decisions on how to classify and regulate the next digital currency. 4 years.

“Everyone and his mother are begging for the council,” explained one cryptographic information on fishing to participate in the Board of Directors. “But I have never heard who cut and who cut, and there is no application.”

The sources acknowledged that he had “harassed” all his friends and put good words with a power player who seems to be on board.

Venture capitalist David Sax (left) and the new AI & Crypto Czar have helped to create a part of the presidential decree signed in the first weeks of President Trump. Getty Image

Kraken's former legal advisor Marco Santori, Ripple founder Brad Galling House (I met Trump last month in Ma Lago), and Frank Chapalo, the host of the popular encryption podcast scoop , The group is on the two -do -do seat candidate list. , The information was told to NYNEXT.

Trump's major campaign donors, Circle Jeremy Arerle (gave the President's first committee for $ 1 million), coin -based Brian Armstrong, and Chris Marzalek of Crypto.com. A famous CEO including something is also a candidate.

Sacks leads a new Crypto Advisory Council that establishes a regulatory framework for digital assets and blockchain technology. Getty Image

“Many people are aiming for spots,” said AUBREY STROBEL, a bitcoin investor and advisor of Crypto Companies Lolli and Trust Machines.

However, according to the sources, the priority was more true than the people who simply showed the “support for the new administration because they had FOMO”. And Strobel adds the extreme amount of FOMO in this industry.

President Trump I created a board As NYNEXT reported earlier, the first week of the President in the first week of the inauguration, with the aim of supporting digital assets and blockchain technology innovation after the many years of encryption community felt “harassment” under the Biden administration. By order.

To that end, the council plays a role in answering important questions that can change history. The most imminent, whether the cryptocurrency should be regarded as a product or securities, under the jurisdiction of the Securities and Exchange Commission (SEC), or the Product Futures Trade Commission (CFTC).

President Trump has gained tremendous support from cryptocurrency. A community for his promise to provide clear regulations to the industry. Getty Image

In addition, these advisors have reached out to create and create a framework for the development and regulations of national policy, and not only agencies such as the board of directors and departments, but also the venture capitalist who leads the council, Trump and Eye. & Crypto Emperor David Sachs will cooperate closely. Land security security.

“There are influence and flex elements [landing a spot on the board]。 However, in the next four years, when the rules of the road are finally paved, people want the right to speak by forming them, “said another bitcoin policy source.

Ripple Labs CEO Brad Garlinghouse is expected to get a spot for the Board of Directors, and the sources told NYNEXT. Bloomberg via Getty Image

Annelise Osborne, the highest business officer of Kadena, a bank blockchain platform, added: “With a more open -minded administration, the United States is ready to lead encryption, blockchain, and next -generation technology.”

The post previously reported that the cipher crowd had expected a blue sky under the Trump administration. This is the end of the four -year “fear” under Biden, as the famous investor explained to NYNEXT.

Since Trump has taken office, he has appointed parent crypto staff like Paul Atkins as SEC Chair and gives priority to digital coins established in the United States, such as Sorana, USD coin, and Ripple XRP. I delighted the concept of strategic protection.


This story is part of NYNEXT, part of NYNEXT. This is a new editing series that emphasizes the innovation of New York City and the leading personality of the industry as a whole.


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