- Donald Trump plans to issue an executive order elevating cryptocurrency as a national priority.
- The order will create a crypto advisory council and direct agencies to work with the industry.
- The move seeks to reverse the regulatory scrutiny faced by the crypto sector during Biden’s presidency.
Donald Trump is set to sign an executive order designating cryptocurrency as a national priority, signaling a shift in the U.S. government’s approach to digital assets. The order aims to guide federal agencies to collaborate with the crypto industry, ensuring that digital assets are treated with increased importance within national policy discussions.
This initiative contrasts sharply with the regulatory actions taken during President Joe Biden‘s administration, which saw multiple investigations into crypto companies like FTX and Binance.
Trump’s Plan to Prioritize Cryptocurrency in U.S. Policy
Former President Donald Trump’s incoming administration is preparing to release an executive order that would prioritize cryptocurrency in U.S. national policy. The move is expected to bring positive changes for the crypto sector, which has faced increasing regulatory scrutiny under President Biden’s tenure. By officially naming crypto as a national imperative, the order would shift the focus of U.S. agencies to work alongside the industry.
The executive order also includes the formation of a crypto advisory council to represent the industry’s concerns and advocate for policy changes. This body will serve as a liaison between government agencies and the crypto community, helping to ensure that digital assets are given the attention they deserve in future policymaking.
The crypto industry, which has a strong presence in Washington and significant financial backing, has been vocal in its support for Trump’s administration. Companies like Coinbase and Ripple have recently made political donations to his campaign, further highlighting the industry’s desire for a friendlier regulatory environment.
Should the executive order move forward, it is expected to halt or revise ongoing legal actions against major crypto companies, such as Binance and Ripple Labs. This shift aims to reverse the challenges the industry has faced in recent years, with a focus on fostering innovation and investment in the sector.
Trump’s planned executive order could pave the way for a more favorable regulatory environment for cryptocurrency, signaling a potential reversal of policies that have hindered the industry’s growth under the current administration.
“Trump’s executive order plans to prioritize cryptocurrency, offering a voice to the industry and a potential legal reprieve, marking a shift from previous regulatory crackdowns.”
