#Trump Signs Executive Order on Cryptocurrencies#
Hot Topic Overview
Overview
The current hot topic regarding Trump signing an executive order on cryptocurrency is: despite previous reports that Trump would sign an executive order on cryptocurrency, no executive order related to cryptocurrency has been signed by Trump as of now. Previously, Circle CEO Jeremy Allaire anticipated that Trump would soon sign an executive order that would allow banks to hold digital assets more easily and overturn the US SEC's Staff Accounting Bulletin (SAB 121). However, the executive orders Trump signed on his first day in office did not mention cryptocurrency, nor did they mention Bitcoin or the strategic reserve. Some cryptocurrency policy leaders expect Trump to sign an executive order prohibiting the creation of a CBDC, but it is currently unclear when these executive orders will be formally signed.
Ace Hot Topic Analysis
Analysis
Regarding the hot topic of Trump signing an executive order on cryptocurrencies, current analysis shows that this event did not occur. While there were reports that Trump may sign an executive order allowing banks to hold digital assets more easily and repealing the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB 121), Trump's executive orders signed on his first day in office did not mention Bitcoin or cryptocurrencies. Additionally, some crypto policy leaders anticipated that Trump would sign an executive order prohibiting the creation of a central bank digital currency (CBDC), but it remains unclear when these executive orders will be formally signed. In conclusion, while Trump's stance on cryptocurrencies is unclear, there is no evidence currently suggesting he will be signing any executive orders related to cryptocurrencies in the near future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump may sign an executive order that would allow banks to trade cryptocurrencies, offer cryptocurrency investments to high-net-worth clients, and include them in portfolios.
Trump may sign an executive order that would repeal the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121 to facilitate financial institutions holding cryptocurrencies.
Trump may sign an executive order that would prohibit the creation of a central bank digital currency (CBDC).
Trump may sign an executive order that would establish a cryptocurrency council.