Crypto Advisory Council Set to Potentially Include About 24 Industry Leaders

President-elect Donald Trump’s administration intends to appoint around 24 CEOs and founders to his proposed crypto advisory council, according to Bloomberg.

The council will likely provide guidance on digital asset policy and work with Congress to draft crypto legislation. It also aims to establish a strategic Bitcoin reserve, delivering on Trump’s campaign promises. Additionally, it will collaborate with major government agencies, including the SEC, CFTC and Treasury to enhance regulatory clarity and foster a pro-crypto environment.

According to Bloomberg, many likely appointees already have ties to Trump and have met with him in recent months. However, Trump and key advisors, including incoming White House AI and crypto czar David Sacks, are still evaluating potential candidates for the council.

Top Crypto Executives Flock to Mar-a-Lago as Trump Assembles New Advisory Council

Since Trump’s reelection in November, several prominent figures from the cryptocurrency industry have visited Mar-a-Lago. Among them, Crypto.com CEO Kris Marszalek met with Trump to discuss crypto-friendly policies and potential roles in the administration.

MicroStrategy CEO Michael Saylor was also spotted speaking with Eric Trump about Bitcoin’s role in the US economy. Coinbase CEO Brian Armstrong also reportedly met Trump in recent weeks.

Other notable visitors include Ripple CEO Brad Garlinghouse, who was photographed with Trump, and Circle CEO Jeremy Allaire, known for his significant crypto donations to Trump’s inaugural committee.

On Thursday, Circle’s Allaire said that the firm contributed 1M USDC to Trump’s inaugural committee, aiming to gain favor as the incoming administration assembles the advisory group.

Circle has contributed 1M USDC to President Trump's Inaugural Committee.  We are excited to be building
a great American company, and the fact that the Committee took payment in USDC is an indicator of how far we have come, and the potential and power of digital dollars.

— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) January 9, 2025

Industry Prepares for ‘Inaugural Crypto Ball’

In December, Trump appointed Bo Hines, a former congressional candidate from North Carolina, to head the newly established Crypto Council. Hines will report directly to David Sacks. Trump confirmed that Hines and Sacks will focus on fostering a supportive environment for the crypto industry.

“Bo will work with David to foster innovation and growth in the digital assets space while ensuring industry leaders have the resources they need to succeed,” Trump said.

Separately, the crypto industry is organizing a major event, the ‘Inaugural Crypto Ball,’ on Jan. 17 in Washington, DC, to honor and support the incoming administration. This black-tie gathering is a joint effort by David Bailey’s BTC Inc, the advocacy group Stand With Crypto and several other crypto organizations.

Held at the Andrew W. Mellon Auditorium, tickets cost $2,500 and include cocktails, hors d’oeuvres and valet service. Moreover, David Bailey is reportedly being considered for a potential role on the advisory council.