The establishment of President Donald Trump’s crypto advisory council has ignited fierce competition among industry leaders and major donors seeking to influence future digital currency regulations. The council aims to support innovation in digital assets and develop national policies, addressing critical issues such as the classification of cryptocurrencies and regulatory oversight. Prominent figures like Ripple’s Brad Garlinghouse and Coinbase’s Brian Armstrong are rumored contenders for the council’s seats. The council’s decisions are poised to have significant impacts on the crypto industry, signaling a potentially more favorable regulatory environment compared to previous administrations.