#Trump Signs Crypto Order#
Hot Topic Overview
Overview
There is currently confusion surrounding reports of Trump signing an executive order on crypto. Initial reports suggested that Trump would sign multiple executive orders on his first day in office, potentially including one on cryptocurrency. Rumors even spread that the Trump team was purchasing $100 million worth of ETH. However, Trump's first-day executive orders ultimately did not mention cryptocurrency. Neither were any executive orders signed regarding a Bitcoin strategic reserve or the repeal of the SEC's Staff Accounting Bulletin (SAB 121). Despite this, Circle CEO Jeremy Allaire still expects Trump to issue an executive order "soon" that would allow banks to trade cryptocurrencies and provide cryptocurrency investments to high-net-worth clients. Additionally, some crypto policy leaders anticipate Trump to sign an executive order prohibiting the creation of a Central Bank Digital Currency (CBDC). It is unclear when these executive orders will be formally signed.
Ace Hot Topic Analysis
Analysis
The latest news regarding Trump signing a crypto executive order shows that Trump did not mention Bitcoin or strategic reserves in the executive order signed on his first day in office, nor did he mention cryptocurrencies. Previously, there were reports that Trump might sign an executive order allowing banks to trade cryptocurrencies, offering cryptocurrency investments to high-net-worth clients and including them in their portfolios. Additionally, there were reports that Trump might sign an executive order prohibiting the creation of a central bank digital currency (CBDC). However, none of these reports were confirmed. Currently, there is still no concrete information on whether or when Trump will sign an executive order related to cryptocurrencies.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump may sign an executive order allowing banks to hold digital assets more easily and repealing the SEC's Staff Accounting Bulletin (SAB 121)
Trump may sign an executive order establishing a cryptocurrency council and prohibiting the creation of a central bank digital currency (CBDC)
Trump may sign an executive order allowing banks to trade cryptocurrencies, offer cryptocurrency investments to high-net-worth clients, and include them in portfolios
Trump may sign an executive order to develop a bitcoin strategic reserve