FILE PHOTO: Brian Armstrong, chairman and CEO of Coinbase, speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 7, 2023. REUTERS/Brendan McDermid/File PhotoA slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on President-elect Donald Trump's promised crypto advisory council, seeking a say in his planned overhaul of U.S. policy, according to several digital asset industry executives.
"It's being fleshed out, but I anticipate the leading executives from America's bitcoin and crypto firms to be represented," said David Bailey, CEO of Bitcoin Magazine who arranged for Trump to speak at the July conference and has spoken with the President-elect about bitcoin policy.A Kraken spokesperson declined to comment, while a spokesperson for a16z did not respond to requests for comment.
The crypto council would likely be housed under the White House's National Economic Council, which coordinates and implements the President's economic policies, or a separate White House apparatus, two of the people said. Former CFTC Chair Heath Tarbert, chief legal officer at Circle, and former Republican CFTC commissioner Brian Quintenz, head of policy for a16z crypto, have been advising the Trump transition team on crypto policy, Reuters previously reported.
The industry is pushing for executive orders guaranteeing crypto companies' access to banking services, an end to enforcement actions and other changes.
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