President Donald Trump’s administration may be moving away from the idea of a formal Crypto council in support of a series of informal summits that include a rotating bench for crypto industry leaders, Crypto said February 13 Reported on the day.
According to three sources familiar with the administration’s decision-making process, these summits will focus on specific policy issues that could cover banks, payments, data centers and Bitcoin (BTC) mining. Masu.
The number and timing of these summits remains unknown, but two sources confirmed that industry groups are actively providing input on the structure and agenda of these discussions.
Tribal Market
The move is seen as a strategic effort to navigate internal sectors within the crypto industry that are fragmented along multiple ideologies and business lines.
Disputes within the industry include centralized and decentralized projects, Bitcoin maximalists, Altcoin executives, advocates for integrating crypto with traditional finances, and individuals who fight for influence. It has emerged among executives.
The administration may choose an informal summit to create a more flexible and less controversial forum for discussion.
The industry’s response to the potential change from formal councils to summits is mixed. One source framed the idea as a practical approach that allows subject experts to place emphasis on relevant issues, adding:
“Do you think it makes sense to talk about exchange issues and exchanges about miners and self-management about mining issues and wallet providers?”
Others are more skeptical, suggesting that the summit may be a mechanism to avoid conflict rather than a meaningful platform for policy development. One source went to arguing that Trump’s interest in the summit was not about policy formation, but about gathering information for personal economic benefits.
Trump was recently involved in creating Memocoin, and his family joined the Defi Project’s World Liberty Financial, which has led some industry leaders to question his motivations.
Cryptocourt Council
Trump first hinted at the Crypto Council during the campaign, saying the group will work with regulators to develop a regulatory framework for crypto and streamline enforcement actions. He also said that leaders in the crypto industry will be involved in the effort.
Report Proposed Executives from Coinbase, Paradigm, A16Z, Ripple, Kraken and Circle searched for seats on the council.
That’s the idea It has been officially introduced On January 23rd, Trump through an executive order called the “Presidential Working Group on Digital Asset Markets.”
In addition to anticipated regulatory efforts, Crypto Council will also be responsible for assessing and establishing digital asset stockpiles focused on Bitcoin. Named “White House AI & Crypto Czar,” David Sacks has been designated council leader.
As of the time of reporting, the Trump administration has not issued an official statement on the issue and has not yet responded to requests for comment.
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