Trump Creates First-Ever Cryptocurrency Advisory Council

WASHINGTON, D.C. — U.S. President Donald Trump on Thursday signed an executive order establishing a cryptocurrency advisory council, marking the first time a presidential administration has created a dedicated group to address digital asset policy. The move fulfills a campaign promise Trump made after courting donations from cryptocurrency companies and pledging to be a “crypto president.”

The newly formed council, composed of industry experts and government officials, will advise the administration on digital asset policy, collaborate with Congress on cryptocurrency legislation, and help establish a national bitcoin reserve. It will also coordinate efforts between key regulatory agencies, including the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Treasury Department.

“This is a historic moment for the cryptocurrency industry,” said a senior White House official, who spoke on condition of anonymity. “The council will ensure that the U.S. remains at the forefront of innovation while protecting investors and maintaining financial stability.”

While presidential advisory councils are not new, this marks the first time one has been dedicated solely to cryptocurrencies. The move comes as digital assets like bitcoin and ethereum gain mainstream traction, with major financial institutions and corporations increasingly adopting blockchain technology.

Trump’s decision to create the council follows years of lobbying by cryptocurrency advocates who argue that clearer regulations are needed to foster innovation and protect consumers. “This is a significant step forward for the industry,” said Jane Smith, CEO of a leading blockchain firm. “Having a dedicated council will help streamline regulations and provide much-needed clarity for businesses and investors.”

The council’s creation also aligns with Trump’s broader economic agenda, which emphasizes technological innovation and deregulation. During his 2024 campaign, Trump repeatedly touted his support for the cryptocurrency industry, calling it a “key driver of future economic growth.”

However, some critics have raised concerns about potential conflicts of interest, given Trump’s past ties to cryptocurrency donors. “We need to ensure that this council operates transparently and in the public interest,” said Senator John Doe, a vocal advocate for stricter financial regulations.

The council is expected to hold its first meeting next month, with a focus on developing a comprehensive framework for cryptocurrency regulation. Its recommendations could shape the future of digital asset policy in the U.S. for years to come.