Trump’s First-Day Plans Could Include Crypto Executive Orders: Report
Donald Trump’s return to the White House on January 20 could bring immediate changes to the cryptocurrency industry. According to reports from The Washington Post, Trump is planning to sign a series of executive orders on his first day in office, with some targeting crypto policies.
Focus on Crypto De-Banking and Regulation
Trump’s team has reportedly prioritized addressing crypto-related financial policies. One of the anticipated executive orders aims to counter the Biden administration’s alleged “Operation ChokePoint 2.0,” a strategy that crypto executives claim pressured banks to deny financial services to the industry.
Additionally, Trump is expected to repeal a controversial 2022 SEC policy, SAB 121, which mandates that banks list cryptocurrencies they hold as liabilities. This policy has long been criticized by the crypto industry, which argues it unfairly burdens banks and stifles innovation.
A source involved in Trump’s transition team emphasized that these actions are high on the agenda. Trump’s crypto and artificial intelligence czar, David Sack, has also been vocal about reversing Biden-era policies, signaling a pro-crypto approach in the new administration.
Andreessen’s Role and Industry Support
Prominent venture capitalist Marc Andreessen, known for investing in crypto and tech startups, has reportedly played a key role in shaping Trump’s incoming administration. Andreessen has been working behind the scenes, helping recruit candidates for leadership roles in technology, defense, and intelligence.
During his campaign, Trump positioned himself as a supporter of the cryptocurrency industry, pledging to make the U.S. a global leader in crypto innovation. His promises included creating a Bitcoin strategic reserve and easing regulatory scrutiny.
As the industry anticipates Trump’s first-day actions, analysts are watching closely to see how these measures will shape the future of crypto regulation in the United States. With his administration poised to take a more favorable stance on digital assets, Trump’s return to power could signal a new chapter for the crypto sector.