#Trump signs crypto order#
Hot Topic Overview
Overview
On his first day in office, Trump signed a number of executive orders, but made no mention of cryptocurrencies, including Bitcoin or strategic reserves. Prior to that, there were reports that Trump would be signing an executive order making it easier for banks to own digital assets and repealing the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB 121), but this ultimately did not happen. Despite this, crypto policy leaders still anticipate Trump will sign an executive order prohibiting the creation of a central bank digital currency (CBDC) and establishing a cryptocurrency council. It is currently unclear when these executive orders will be formally signed.
Ace Hot Topic Analysis
Analysis
The latest news regarding Trump signing an executive order on crypto shows that the executive order he signed on his first day in office did not mention Bitcoin or the Strategic Reserve, nor did it involve any policies related to cryptocurrency. Although there were reports that Trump might sign an executive order allowing banks to hold digital assets more easily and abolish the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB 121), none of these ultimately happened. Some crypto policy leaders expected Trump to sign an executive order prohibiting the creation of a central bank digital currency (CBDC), but it is currently unclear when these executive orders will be formally signed. Overall, Trump did not take any substantial action to promote the development of cryptocurrency on his first day in office, which is a significant gap from previous market expectations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump could sign an executive order that would allow banks to trade cryptocurrencies, offer cryptocurrency investments to high-net-worth clients, and incorporate them into their portfolios.
Trump could sign an executive order that would repeal the US SEC's Staff Accounting Bulletin (SAB 121), making it easier for banks to own digital assets.
Trump could sign an executive order that would establish a cryptocurrency council and ban the creation of a central bank digital currency (CBDC).
Trump could sign an executive order that would incorporate bitcoin or cryptocurrency-related content into his policies.