#Trump Signs Cryptocurrency Executive Order#
Hot Topic Overview
Overview
President Trump signed multiple executive orders on his first day in office, but did not mention cryptocurrencies, including Bitcoin or strategic reserves. While there were reports that Trump might sign an executive order to allow banks to hold digital assets more easily and to repeal the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121, these did not materialize. Some crypto policy leaders expected Trump to sign an executive order banning the creation of a central bank digital currency (CBDC), but it is currently unclear when or if this will happen. Overall, Trump’s first day in office did not have a major impact on the cryptocurrency space, but the potential for future policy remains.
Ace Hot Topic Analysis
Analysis
Current analyses of Trump's signing of a cryptocurrency executive order focus on the following aspects:First, despite rumors that Trump would sign an executive order on cryptocurrency on his first day in office, no executive order related to cryptocurrency was ultimately issued. While Jeremy Allaire, CEO of Circle, expects Trump to soon issue an executive order allowing banks to trade cryptocurrencies and include them in their portfolios, there is currently no official confirmation of this.Second, some sources have pointed out that the executive order signed by Trump on his first day in office did not mention Bitcoin or the strategic reserve, nor did it mention cryptocurrency. This suggests that cryptocurrency may not be a priority for the Trump administration.Third, some crypto policy leaders expect Trump to sign an executive order prohibiting the creation of a central bank digital currency (CBDC), but it is unclear when this will be formally signed.In conclusion, there is currently no clear answer as to whether Trump will sign a cryptocurrency executive order, or when. While some sources say that Trump may soon issue a relevant order, there is currently no official confirmation of this.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump could sign an executive order allowing banks to hold digital assets more easily and repealing the SEC's SAB 121 to promote the use of cryptocurrencies.
Trump could sign an executive order prohibiting the creation of a central bank digital currency (CBDC).
Trump could sign an executive order establishing a cryptocurrency council.
Trump did not sign any cryptocurrency-related executive orders on his first day in office.