#Trump signs executive order#
Hot Topic Overview
Overview
Trump signed several executive orders on his first day of his second term, but made no mention of cryptocurrency or Bitcoin. Despite rumors that Trump would sign an executive order regarding cryptocurrency, such as allowing banks to more easily hold digital assets or even creating a Bitcoin strategic reserve, none of these rumors materialized. Nevertheless, some crypto policy leaders still expect Trump to sign an executive order in the future banning the creation of a central bank digital currency (CBDC) and an executive order creating a cryptocurrency commission. Additionally, Jeremy Allaire, CEO of Circle, still believes that Trump will soon sign an executive order easing banks’ ownership of digital assets. For now, the Trump administration’s stance on cryptocurrency remains unclear, but it is certain that cryptocurrency is not high on the Trump administration’s priority list.
Ace Hot Topic Analysis
Analysis
Here's a breakdown of the current situation regarding the expected executive order from Trump on crypto:While there's been a lot of anticipation for an executive order from President Trump on cryptocurrencies, so far, no mention of Bitcoin or strategic reserves, or anything crypto-related has been included in the executive orders signed on his first day in office. While Circle CEO Jeremy Allaire expects Trump to soon issue an executive order allowing banks to trade cryptocurrencies and include them in their portfolios, nothing concrete has been announced yet. Additionally, there are rumors circulating about crypto policy leaders expecting Trump to sign an executive order banning the creation of a central bank digital currency (CBDC), but the timing of this is also unclear.Overall, the news about Trump signing an executive order regarding cryptocurrencies is still speculation and remains to be seen.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump did not mention cryptocurrency or Bitcoin strategic reserves in the executive orders he signed on his first day in office.
Some cryptocurrency policy leaders expected Trump to sign an executive order prohibiting the creation of a CBDC.
Circle CEO Jeremy Allaire expected Trump to soon sign an executive order allowing banks to trade cryptocurrencies and repeal SEC Staff Accounting Bulletin 121.
Some sources say Trump will sign cryptocurrency-related executive orders in the coming days, but the specifics are unclear.