The President-elect is preparing to establish a presidential advisory council dedicated to digital assets, as Bitcoin reaches new highs above $99,000.
According to Reuters, President-elect Donald Trump is reportedly planning the creation of a Crypto Advisory Council aimed at establishing a federal Bitcoin reserve.
The new body, which could be housed within the National Economic Council or operate as an independent unit of the White House, would have multiple responsibilities: shaping digital asset policies, collaborating with the legislative branch on sector regulation, and acting as a liaison with the SEC and other federal financial agencies.
The race for a seat on the council has already begun, with top executives from crypto firms like Kraken, Ripple, a16z, and Paradigm vying for the available positions. Meanwhile, Trump’s transition team is considering introducing a new role within the White House: the “Crypto Czar,” which would mark the first position specifically dedicated to cryptocurrencies in the U.S. administration.
Since Trump’s election on November 5, Bitcoin has hit a series of all-time highs, surpassing $99,000 in the past few hours.
