Crypto's rise under Trump

ORDER: POISED FOR ELEVATION AS A POLICY

- Stephanie Lai & Olga Kharif

US President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration.

The order is expected to name crypto as a national imperative or priority—strategic wording intended to guide government agencies to work with the industry, according to people familiar with the matter.

It is also slated to create a crypto advisory council to advocate for the industry's policy priorities, said the people who requested anonymity to discuss an executive order that is not yet public.

Trump has enjoyed strong support from the crypto industry, which has a powerful presence in Washington, backed by well-funded political action committees.

A slew of companies, including Coinbase and Ripple, have donated to Trump's inaugural committee in recent months.

On Friday, days before the inauguration, the industry is hosting an "Inaugural Crypto Ball" in support of Trump.