#Trump signs cryptocurrency executive order#
Hot Topic Overview
Overview
Trump signed several executive orders on his first day in office, but he did not mention any cryptocurrency or Bitcoin strategic reserve. Earlier reports had suggested that Trump would sign an executive order allowing banks to hold digital assets more easily and revoke the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB 121), but this ultimately did not happen. Some cryptocurrency policy leaders had predicted that Trump would sign an executive order prohibiting the creation of a central bank digital currency (CBDC), but it remains unclear when or if this will be formally signed. Although Trump did not sign any cryptocurrency-related executive orders on his first day in office, some cryptocurrency industry members remain optimistic about Trump's cryptocurrency policy.
Ace Hot Topic Analysis
Analysis
The latest news about President Trump signing an executive order on cryptocurrencies indicates that the executive order signed on his first day in office did not mention Bitcoin or strategic reserves, nor did it address cryptocurrency. Previously, there were rumors that Trump might sign an executive order allowing banks to more easily hold digital assets and repealing the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB 121), but these rumors were ultimately unconfirmed. Despite this, some crypto policy leaders still expect Trump to sign an executive order prohibiting the creation of a central bank digital currency (CBDC) and establishing a cryptocurrency council. At this time, the specific time of these executive orders remains unclear.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump may sign an executive order that allows banks to trade cryptocurrencies, offer cryptocurrency investments to high-net-worth clients, and incorporate them into portfolios.
Trump may sign an executive order to repeal the U.S. SEC's Staff Accounting Bulletin (SAB 121), a controversial framework that prevented financial institutions from holding cryptocurrency on their balance sheets.
Trump may sign an executive order to establish a cryptocurrency commission.
Trump may sign an executive order to ban the creation of a central bank digital currency (CBDC).