Trump administration plans to establish a cryptocurrency advisory committee to drive crypto legislation, coordinate multi-agency regulations, and implement a bitcoin reserve strategy. Companies like Ripple, Kraken, and Circle are competing for seats, with Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong expressing interest. The committee may be part of the White House National Economic Council or operate as an independent entity, with industry experts advising on policy development. 
 
Source: Reuters 
 
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Of all the legal actions taken against cryptocurrency companies by US regulators and prosecutors over the past year, arguably none threatens to shake up the digital-asset industry as much as a potential crackdown on Tether Holdings Ltd. 
 
Tether is the issuer of a namesake token known as USDT, designed to be a digital substitute for the US dollar, with a market capitalization of about $12O billion. It ranks as the third-biggest cryptocurrency by value, and is the most-traded token on a daily basis due to its role as a stand-in for the dollar in markets where traders aren't able to use traditional currencies for transactions. 
 
Source: Bloomberg 
 
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