Trump\’s Crypto Agenda: Executive Orders Set to Shake Up Digital Asset Landscape
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In a potentially groundbreaking move for the cryptocurrency industry, President Donald Trump is reportedly preparing to issue significant executive orders on his first day back in the White House, signaling a major shift in digital asset regulation.
According to The Washington Post, Trump\’s team is prioritizing crypto-related policy changes that could dramatically impact the financial and technological landscape. The potential executive orders are expected to address two critical areas: de-banking restrictions and challenging existing crypto accounting policies.
One of the most significant proposed changes involves repealing a Securities and Exchange Commission (SEC) accounting policy known as SAB 121, which currently requires banks to list cryptocurrency holdings as a liability. Industry executives have long argued that this policy creates unnecessary financial burdens and discourages institutional engagement with digital assets.
Trump\’s approach appears to be a direct response to what crypto industry leaders have described as \’Operation ChokePoint 2.0\’ under the Biden administration – a perceived systematic attempt to restrict cryptocurrency businesses\’ access to traditional financial services.
Behind the scenes, influential venture capitalist Marc Andreessen has been reportedly working closely with Trump\’s team, helping to shape the incoming administration\’s tech and crypto policy. Andreessen\’s involvement suggests a potentially more crypto-friendly approach compared to previous administrations.
During his recent campaign, Trump has consistently positioned himself as a pro-crypto candidate. At the Bitcoin 2024 conference, he publicly committed to making the United States a global \’crypto capital\’ and even proposed creating a national Bitcoin strategic reserve.
Reuters previously reported that crypto industry officials are pushing for multiple crypto-related executive orders within Trump\’s first 100 days, with some expecting immediate action on the first day of his potential return to office.
The proposed changes could mark a significant turning point for cryptocurrency regulation in the United States. By potentially removing barriers to crypto adoption and challenging existing restrictive policies, Trump\’s administration might create a more welcoming environment for digital asset innovation and investment.
Industry experts and investors are closely watching these developments, understanding that the regulatory landscape can significantly impact cryptocurrency market dynamics, institutional adoption, and overall technological innovation in the digital asset space.
As the crypto community eagerly anticipates these potential executive orders, the coming weeks and months could prove pivotal in defining the future of digital assets in the United States.