Golden Finance reported that according to cryptocurrency reporter Shalini Nagarajan, after President Trump is elected, he plans to hire about 24 CEOs and founders of the encryption industry to form an encryption advisory board. The committee 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, fulfilling Trump’s campaign promise. Additionally, it will work with key government agencies, including the SEC, CFTC, and Treasury Department, to increase regulatory transparency and foster an environment conducive to cryptocurrencies. While many potential committee members already have ties to Trump, candidates are still being evaluated. It is reported that Trump has appointed Bo Hines as the head of the newly established Encryption Advisory Committee, reporting directly to David Sacks.