Trump to Prioritize Cryptocurrency in Executive Order: A New Era for U.S. Crypto Policy
U.S. President-elect Donald Trump is set to make cryptocurrency a national priority through an upcoming executive order, according to a Bloomberg report. The executive action aims to establish a collaborative framework between the government and the crypto industry, signaling a transformative shift in the nation’s approach to digital assets.
Key Highlights of Trump’s Crypto Agenda
- Executive Order Details: The proposed executive order will designate cryptocurrency as a national policy priority, promoting innovation and collaboration within the sector.
- Crypto Advisory Council: Trump plans to establish a crypto advisory council, giving industry leaders a direct voice in shaping policy.
- Focus on U.S.-Founded Coins: The President-elect is open to creating an “America-first” crypto reserve, prioritizing U.S.-origin coins like USDC, SOL, and XRP to cement the nation’s leadership in the global crypto market.
Collaboration Through a Crypto Advisory Council
The executive order will include the formation of a crypto advisory council, which will consist of industry executives selected by their respective firms. According to Ron Hammond, Senior Director of Government Relations at the Blockchain Association:
- The council will facilitate better communication between the government and private crypto enterprises.
- It will provide a platform for industry leaders to influence regulatory and policy decisions.
This initiative underscores Trump’s commitment to integrating the crypto industry into his administration’s economic and technological priorities.
Regulatory Shifts and Strategic Reserves
The President-elect’s crypto-forward agenda may include the repeal of controversial regulatory guidelines. Notably:
- Repealing SAB 121: Reports suggest Trump may eliminate the U.S. Securities and Exchange Commission’s crypto accounting guidance, which has been criticized for hindering innovation.
- State-Level Bitcoin Reserves: Inspired by Trump’s pro-crypto stance, states like Texas, Pennsylvania, Ohio, and Oklahoma are exploring bitcoin reserve initiatives to safeguard financial futures.
By prioritizing an “America-first” strategic crypto reserve, Trump seeks to position the U.S. as the global leader in cryptocurrency adoption and innovation.
Crypto Industry Celebrates the Move
The crypto community is preparing to welcome the incoming administration with celebratory events:
- Inaugural Crypto Ball: Organized by BTC Inc. and Stand With Crypto, the event will take place at the Andrew W. Mellon Auditorium in Washington, D.C., symbolizing the sector’s optimism for the future.
Conclusion: A New Chapter for U.S. Crypto
Donald Trump’s executive order to prioritize cryptocurrency could mark a pivotal moment for the industry in the United States. By fostering collaboration, repealing restrictive regulations, and emphasizing U.S.-founded cryptocurrencies, the administration aims to elevate the nation’s status as a global crypto powerhouse.
As Trump’s inauguration approaches, the industry’s leaders and enthusiasts are optimistic about a new era of innovation and growth, driven by supportive government policies.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
