#Trump signs cryptocurrency executive order#
Hot Topic Overview
Overview
Rumors of President Trump signing a cryptocurrency executive order have been circulating recently, but as of today, Trump has not signed any executive orders related to cryptocurrency on his first day in office. Although there were reports that Trump would sign an executive order allowing banks to trade cryptocurrencies and include them in their investment portfolios, this ultimately did not come to fruition. Some crypto policy leaders expect Trump to sign an executive order prohibiting the creation of a central bank digital currency (CBDC), but it remains unclear when this will be formally signed. Overall, Trump's stance on cryptocurrency remains unclear, and his future policy direction still needs further observation.
Ace Hot Topic Analysis
Analysis
Here is the analysis of the current buzz surrounding Trump’s signing of a cryptocurrency executive order:While there were rumors that Trump would sign a cryptocurrency-related executive order on his first day in office, it ultimately did not happen. Although some sources suggest that Trump may issue an order in the coming days, there is no concrete timeline yet. Some cryptocurrency policy leaders expect Trump to sign an executive order banning the creation of a central bank digital currency (CBDC) and establish a cryptocurrency council. Jeremy Allaire, CEO of Circle, anticipates that Trump will issue an executive order allowing banks to trade cryptocurrencies and provide cryptocurrency investments to high-net-worth clients. However, there is no official confirmation of these rumors. Overall, although Trump did not mention cryptocurrencies in his inaugural address, some cryptocurrency industry figures remain optimistic about Trump’s cryptocurrency policy and look forward to potential future policies.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump may sign an executive order allowing banks to transact in cryptocurrencies, offer crypto investments to high-net-worth clients, and include them in their portfolios.
Trump may sign an executive order repealing the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) 121, a controversial framework that has prevented financial institutions from holding cryptocurrencies on their balance sheets.
Trump may sign an executive order prohibiting the creation of a central bank digital currency (CBDC).
Trump may sign an executive order establishing a cryptocurrency council.