Trump plans executive order making crypto a national priority: Report
Donald Trump is expected to sign an executive order on January 20, designating cryptocurrency as a national priority. This order may guide regulatory agencies to collaborate with the crypto industry and potentially establish a crypto council. Speculation surrounds Trump's plans due to significant support from the crypto sector during his campaign. The order could address various crypto policies, including crypto de-banking and revising bank accounting rules for digital assets. Discussions are ongoing about reviewing crypto policies, halting litigation, and creating a government Bitcoin reserve. The SEC may also reassess its crypto-related cases, with expectations of abandoning some actions. Crypto advocates support the idea of a Bitcoin reserve as a hedge against inflation and debt. The US currently holds approximately $20.3 billion in seized cryptocurrencies, predominantly Bitcoin. A proposal by Senator Cynthia Lummis suggests the Treasury should acquire 1 million BTC, costing around $100 billion.
