Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Industry organizations vie for seats on Trump's cryptocurrency advisory board

2024-11-23 12:35
Odaily News Trump has pledged to create a new commission as part of a crypto-friendly administration. His transition team is discussing how to structure and staff the commission and which companies should be included, according to people familiar with the matter. Ripple, Kraken and Circle are among a host of crypto companies vying for seats on President-elect Trump’s promised cryptocurrency advisory council, seeking a say in his planned U.S. policy changes, according to multiple digital asset industry executives. Trump has won support and campaign donations from the industry by promising to become a “crypto president” and end Biden’s crackdown on crypto companies that regulators accuse of violating securities and anti-money laundering laws. Trump is also pushing for an executive order guaranteeing crypto companies access to banking services and ending enforcement actions against them, among other changes.