Many cryptocurrency companies are vying for seats on Trump's cryptocurrency advisory council

ChainCatcher news, according to Reuters, Trump has promised to establish a new committee as part of a crypto-friendly government. Insiders say his transition team is discussing how to build and staff the committee, as well as which companies should be included.

According to several executives in the digital asset industry, numerous crypto companies, including Ripple, Kraken, and Circle, are vying for seats on the cryptocurrency advisory committee promised by President-elect Trump, seeking a voice in his planned U.S. policy reforms.

Trump has garnered support and campaign donations from the industry by promising to become the "crypto president" and to end Biden's regulatory crackdown on crypto companies accused of violating securities and anti-money laundering laws. Trump is also pushing for the issuance of an executive order to ensure that crypto companies can access banking services, end enforcement actions against them, and implement other changes.