According to cryptocurrency journalist Shalini Nagarajan, after President Trump is elected, he plans to hire about 24 CEOs and founders of the crypto industry to form a crypto advisory council. The council is likely to provide guidance on digital asset policy and work with Congress to draft crypto legislation. It also aims to build a strategic bitcoin reserve and deliver on Trump's campaign promises. In addition, it will work with key government entities, including the SEC, CFTC and Treasury, to increase regulatory transparency and foster a crypto-friendly environment. At present, while many potential committee members have been in contact with Trump, they are still evaluating suitable candidates. It is reported that Trump has appointed Bo Hines as the head of the newly formed Crypto Advisory Council, reporting directly to David Sacks.