Crypto Giants Vie for Spots on Trump’s Advisory Board as Regulatory Shifts Loom
Major cryptocurrency companies are reportedly competing to secure a position on President-elect Donald Trump’s upcoming advisory board for the sector.
According to recent reports, prominent industry players such as Ripple Labs, Kraken, Circle, and Andreessen Horowitz are eager to join the board, hoping to influence the direction of future U.S. crypto regulations.
The race for spots intensified after Trump revealed his plans to form the advisory council during his address at the Bitcoin conference in July. Industry executives have expressed strong interest in shaping the future of cryptocurrency policies, believing their involvement could help revamp the regulatory landscape.
David Bailey, CEO of Bitcoin Magazine and key organizer of Trump’s Bitcoin conference appearance, told Reuters that many of the country’s leading crypto firms are enthusiastic about contributing to the development of the advisory board. According to Bailey, the council will likely include executives from top Bitcoin and crypto companies eager to provide insights.
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In addition to the board, Trump’s transition team is reportedly considering the creation of a new “crypto czar” role. This team includes notable figures such as former Commodity Futures Trading Commission (CFTC) Chair Heath Tarbert and Brian Quintenz, a former CFTC Commissioner, alongside other crypto advocates like Nathan McCauley, CEO of Anchorage Digital.
McCauley, who has been vocal about the need for regulatory change, supports the idea of a council that combines regulatory expertise with a deep understanding of the crypto industry’s potential.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
