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The Trump administration is set to establish a cryptocurrency advisory committee aimed at shaping crypto legislation and coordinating regulations across multiple agencies. Key players in the crypto industry, including Ripple, Kraken, and Circle, are actively competing for positions on this council. This initiative follows Trump's commitment made during a bitcoin conference in July, where he outlined plans for a pro-crypto administration. The establishment of this advisory committee is expected to significantly influence the future of cryptocurrency regulation in the United States.
