Former US President Donald Trump announced the creation of a cryptocurrency advisory board, enlisting experts from the industry.
Board Composition
According to the New York Post, the list of candidates for the advisory board includes Ripple co-founder Brad Garlinghouse, former Kraken legal advisor Marco Santori, The Scoop podcast host Frank Chaparro, Circle CEO Jeremy Allaire, and Coinbase CEO Brian Armstrong. Selections for the board would be based on qualifications and experience.
Board Functions
The board was established to assist in the development of cryptocurrency policy, provide recommendations, and support issues related to the Bitcoin reserves. One of the main tasks will be deciding if cryptocurrencies should be classified as commodities or securities.
Community Reaction
The presence of Brad Garlinghouse on the board was well-received by the crypto community, with financial expert Linda Jones stating that he deserves a spot due to his commitment to the industry.
The formation of a cryptocurrency advisory board highlights Trump's serious approach to regulating digital assets and engaging experienced professionals in his administration's plans.
