[Source: Trump's Crypto Advisory Committee Is Expected To Establish A Promised Bitcoin Reserve] According To Reuters, Several Crypto Companies Including Ripple, Kraken And Circle Are Vying For Seats On The Crypto Advisory Committee Promised By President-elect Donald Trump. Sources Said The Advisory Committee May Be Affiliated With The White House National Economic Council Or An Independent White House Department. Its Main Responsibilities Include Coordinating Digital Asset Policies, Working With Congress To Develop Crypto Legislation, Establishing Bitcoin Reserves, And Collaborating With Agencies Such As The Securities And Exchange Commission (SEC), The Commodity Futures Trading Commission (CFTC) And The Treasury Department. In Addition, The Trump Team Is Also Considering Establishing A Crypto "general Manager" Role To Lead The Committee. During His Campaign, Trump Promised To Create An Image Of A "crypto President," End The Current President Biden's Strict Regulation Of Crypto Companies, And Guarantee Crypto Companies' Access To Banking Services Through Executive Orders. People Familiar With The Matter Revealed That Coinbase CEO Brian Armstrong Recently Met With Trump, And Circle CEO Jeremy Allaire Also Publicly Expressed His Willingness To Join The Committee. At The Same Time, The Crypto Departments Of Paradigm And Andreessen Horowitz (a16z) Are Also Expected To Have A Seat On The Committee. However, Some Consumer Groups Have Warned That The Crypto Industry Should Not Dominate Rulemaking, And The Appointment Of Relevant Personnel May Be Delayed Due To Ethical Issues. Nevertheless, Industry Experts Say That Involving Professionals Who Understand The Crypto Industry In Policy Making Will Help Develop The Crypto Industry As A Strategic Asset