Official announcements or credible reports detailing council composition and influence levels

Trump's Crypto Council to Establish Bitcoin Reserve, Price Hits $99,000

Nov 21, 2024, 07:25 PM

Donald Trump's newly formed 'Crypto Advisory Council' is expected to establish a strategic Bitcoin reserve in the United States, according to reports from Reuters. The council, which will be based in the White House, aims to shape cryptocurrency policy and work with Congress on related matters. Major U.S. crypto firms like a16z, Ripple, Kraken, and Circle are reportedly vying for seats on this council. Following the announcement, Bitcoin's price surged to a record $99,000.