The US crypto industry anticipates pro-crypto executive orders from the president-elect Donald Trump Reuters as soon as the first day of his presidency as a road map It has been reported On December 23.
Rebecca Rettig, senior director of legal and policy at Polygon laboratoriessaid:
“Given the length of the campaign, it's imperative that the executive orders really set out what the real priorities are on day one and provide some kind of roadmap.”
Trump's promises to embrace cryptocurrencies and position the United States as a global leader in the sector have sparked excitement among crypto supporters, who see his administration as an opportunity to reverse regulatory crackdowns and boost innovation.
He recently introduced crypto-advocates Stephen Meeran and Beau Heinz to the economic and digital asset councils. Moreover, Trump chose Another name that favors cryptography, Paul Atkinsas the new head of the US Securities and Exchange Commission (SEC).
wish list
According to the report, the crypto sector has identified key priorities that it hopes Trump will address through executive orders. The first is Bitcoin (Bitcoin) Strategic Reserve, which will create a national strategic BTC reserve worth $21 billion.
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According to some analysts, the bitcoin reserve scheme is the least likely to be implemented on day one.
However, even if enacted, it would be a signal to agency officials rather than a statutory force, since the Fed's regulators are independent.
Klaros Group Partner Jonah Krane assessed:
(They) are not going to change their policy on day one. But they will tell you in which direction this government wants to move.”
Another item on the crypto industry's list is making it easier for digital currency companies to access banking services in the United States. As the letters published by Coinbase Chief Legal Officer, Paul GrewalRevealed, Federal Deposit Insurance Corporation (FDIC) He insisted on the banks To prevent or stop providing services related to cryptography.
On this item, different from bitcoin storage, Crain said he wouldn't be surprised if a broader executive order directing agencies to reexamine their rules in this space comes out on Day One.
The latest is the creation of a coordinating council to promote the growth and regulation of the crypto industry in the United States. This was the first step engagement from David Sachs To lead the regulation of cryptography and artificial intelligence.
Insiders believe these actions send a strong signal to the market and reinforce Trump's commitment to becoming a “Crypto President”. Notably, this contrasts sharply with the president Joe Biden's The current government
Brian Hughes, a spokesman for Trump's transition team, said in a statement.
There have been attempts in Washington's bureaucratic quagmire to stifle innovation, but President Trump will follow through on his promise to encourage American leadership in cryptocurrencies.”
