Trump Plans To Strengthen Crypto Policy With Dedicated Advisor And Presidential Council

Bitcoinist
Updated
Mitrade
coverImg
Source: Shutterstock

President-elect Donald Trump is poised to reshape the US government’s approach to crypto, actively seeking candidates with industry-friendly views for key regulatory positions. 

According to the Washington Post, as part of his strategy to establish the United States as the “crypto capital of the world,” Trump’s transition team is consulting with cryptocurrency executives to explore potential changes to federal policy.

SEC Overhaul On The Horizon

Trump’s commitment to a more permissive regulatory environment is in line with his campaign promises, which have garnered significant support from the industry, as evidenced by the current uptrend in prices following his victory over Vice President Kamala Harris last Tuesday. 

Early discussions among Trump’s advisers have reportedly focused on financial regulatory agencies, notably the Securities and Exchange Commission (SEC), where leadership choices will significantly influence the future of digital asset regulation.

The candidates under consideration include a mix of current regulators, former officials, and financial industry executives known for their pro-crypto stance. 

Notable names include Daniel Gallagher, a former SEC official now at US-based cryptocurrency exchange Robinhood, and pro-crypto commissioners Hester Peirce and Mark Uyeda. 

These individuals have publicly criticized the previous policies of the SEC and its chairman Gary Gensler under President Joe Biden, particularly the agency’s heavy-handed enforcement against digital asset firms, with ongoing investigations and lawsuits against key players in the past years.

Trump’s Crypto Advisory Team

Industry executives, including Ripple CEO Brad Garlinghouse, have noted that they expect the new Trump administration to focus on regulatory clarity, lacking amid a fragmented legal framework governing cryptocurrencies. 

The digital assets sector has long called for comprehensive legislation to define the status of currencies such as XRP, Litecoin and Solana, to establish investor protections and to offer new investment products such as the spot exchange-traded funds (ETFs) investing in Bitcoin and Ethereum that were approved earlier this year.

Trump’s support has also attracted high-profile industry figures, including Elon Musk and Howard Lutnick, who are involved in shaping the administration’s crypto policies. 

However, Lutnick, CEO and chairman of asset manager Cantor Fitzgerald, has raised concerns about potential conflicts of interest given his ties to stablecoin issuer Tether and other crypto-related companies.

As Trump moves forward with his transition, the Post reports that his team is exploring the establishment of a presidential council on digital currencies and considering the appointment of a dedicated crypto advisor within the National Economic Council. 

Despite the optimistic outlook among supporters, some Democrats have expressed concerns about the potential implications of Trump’s pro-crypto policies. 

Critics argue that the regulatory changes sought by the industry could undermine consumer protections and “expose investors to greater risks of fraud and market manipulation.”

While the now 47th president aims to implement a comprehensive agenda, including the possibility of creating a national Bitcoin reserve, the effectiveness of these plans will depend on regulatory authority. 

However, with the Republican Party winning a majority in Congress, the path to these markers may be easier for Trump and the broader industry. 

Crypto

Featured image from AP,, chart from TradingView.com

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Bitcoin's surge to new all-time high sparks $1 billion in short liquidationsBitcoin (BTC) traded above 4% on Thursday after soaring to a new all-time high above $116,800. The rally, which appears to be leverage-driven, triggered over a $1 billion short-squeeze across the entire crypto market.
Author  FXStreet
Yesterday 03: 24
Bitcoin (BTC) traded above 4% on Thursday after soaring to a new all-time high above $116,800. The rally, which appears to be leverage-driven, triggered over a $1 billion short-squeeze across the entire crypto market.
placeholder
Bitcoin crosses $117K as Ether hits $3,000 and XRP surges by 5%Bitcoin is now sitting above $117,000 for the first time in its history, rising more than 60% since its lowest point in April.
Author  Cryptopolitan
Yesterday 01: 39
Bitcoin is now sitting above $117,000 for the first time in its history, rising more than 60% since its lowest point in April.
placeholder
Crypto market sees $500 million in liquidation as Bitcoin hit record highs amid dovish Fed minutesThe crypto market continues to trade in the green on Thursday, following the previous day's surge as Bitcoin (BTC) reached a new all-time high of $111,999.
Author  FXStreet
Jul 10, Thu
The crypto market continues to trade in the green on Thursday, following the previous day's surge as Bitcoin (BTC) reached a new all-time high of $111,999.
placeholder
Bitcoin Hits New All-Time High at $112,000 – What’s Next?Bitcoin surged to a new all-time high of $112,000 on Tuesday, gaining nearly 3% on the day amid renewed optimism over monetary easing.
Author  Beincrypto
Jul 10, Thu
Bitcoin surged to a new all-time high of $112,000 on Tuesday, gaining nearly 3% on the day amid renewed optimism over monetary easing.
placeholder
Bitcoin hits new high for the third time in 2025, buoyed by regulatory clarity and treasury demandBitcoin (BTC) raced past its previous high of $111,980 on Wednesday and has entered price discovery mode at the time of publication.
Author  FXStreet
Jul 10, Thu
Bitcoin (BTC) raced past its previous high of $111,980 on Wednesday and has entered price discovery mode at the time of publication.