Bloomberg: Trump's proposed executive order could establish a cryptocurrency advisory committee
According to a Bloomberg post, Bitcoin rallied again on Friday due to market rumors that Donald Trump may soon issue an executive order to make cryptocurrencies a national priority. It is said that Trump may announce the establishment of the cryptocurrency advisory committee he previously promised in his executive order to give the cryptocurrency industry a voice in his administration. Investors expect any announcement from the new administration next week to push the price of Bitcoin higher and potentially hit new highs, although Wall Street has warned that while Congress and the White House will support cryptocurrencies in 2025, which will certainly support innovation in the industry and asset class, it may take a while for the market to feel the impact.