President Donald Trump’s government can turn away from the idea of a formal crypto council in favor of a series of informal peaks with a rotating bank of the leaders of the crypto industry, Crypto reported Unchained Crypto on 13 February.
According to three sources that are familiar with the decision-making process of the administration, these tops would focus on specific policy issues, which may cover banking, payments, data centers and bitcoin (BTC) mining.
Although the number and timing of these tops remain unclear, two sources confirmed that trade associations have actively given input about the structure and agenda of these discussions.
A tribal market
The move is seen as a strategic effort to navigate internal divisions within the crypto industry, which is fragmented along several ideological and business lines.
Conflicts within the industry have surfaced between centralized and decentralized projects, Bitcoin -Maximalists and Altcoin -executives, proponents of integrating crypto with traditional finances and individual managers fighting for influence.
The administration may opt for informal tops to make a more flexible and less controversial forum for discussions.
Responses in the industry to the possible shift from a formal council to tops are mixed. One source was the idea as a pragmatic approach that enables the subject matter-Materie experts to weigh relevant problems, which adds:
“Do you think it would be logical to talk to exchanges about exchange problems and miners about mining problems and wallet providers about self -attachment, etc.”
Others were more skeptical, which suggests that the tops could be a mechanism to circumvent conflicts instead of a platform for meaningful policy development. One source went so far that he claimed that Trump’s interest in top was less about shaping policy and more about collecting information for personal financial gain.
Trump’s recent involvement in creating a memecoin and the participation of his family in the Defi Project World Liberty Financial has led some market leaders to question his motivations.
The Crypto Council
Trump hinted on a crypto council during his campaign and said that the group would collaborate with regulators to create a regulation framework for crypto and to streamline enforcement actions. At the time, he also said that leaders of the crypto industry would be involved in the effort.
Report suggested Those managers from Coinbase, Paradigm, A16Z, Ripple, Kraken and Circle were looking for a seat in the council.
The idea was formally introduced Through an executive order signed by Trump on January 23, the “Presidential Working Group for Digital Activamarken mentioned.”
In addition to the expected legal efforts, the Crypto Council would also be responsible for assessing and possibly setting up a digital assets stock focused on Bitcoin. David Sacks, called the “White House Ai & Crypto Czar”, was designated the leader of the council.
From the moment of the press, the Trump administration has not issued an official statement and must not yet respond to requests for comments.