Trump puts cryptocurrencies on the national priority list

As the upcoming President of the United States, Donald Trump plans to bring cryptocurrencies to the forefront of his administration. An Executive Order is expected to declare crypto a national priority and grant the industry a significant voice within government agencies. A kind of advisory council is being considered to represent the industry in political matters. The political engagement of the crypto industry in Washington is showing its effects: notable companies like Coinbase and Ripple have already financially pushed into Trump's inaugural committee. In favor of this new direction, an "Inaugural Crypto Ball" will take place even before the inauguration—an indication of the transformation the sector might undergo. The move marks a clear change in direction from the Biden administration, which scrutinized the crypto universe due to various fraud scandals. The strict measures by U.S. authorities—such as the Securities and Exchange Commission with over 100 enforcement actions— not only caused a stir but also led to restructuring in collaboration with traditional financial institutions. A revolutionary step could also be the establishment of a national Bitcoin reserve, where existing governmental stocks of the cryptocurrency are strategically utilized. Estimates suggest the current value is nearly 20 billion dollars in Bitcoins, which has manifested as a reason for valuations exceeding 100,000 dollars. Although the details of the order are still being discussed and subject to change, Trump has reaffirmed his determination to renew U.S. leadership in the crypto scene. American companies like Coinbase and financial giants like BlackRock see significant opportunities in this. Since his election campaign last year, Trump has ensured the support of the crypto community. Recently, he appeared at a Bitcoin conference and promised to make the USA the crypto capital of the world. Furthermore, his plans for "World Liberty Financial" are circulating, which likely represent more than just speculation.