#Trump Signs Crypto Executive Order#
Hot Topic Overview
Overview
The event of President Trump signing executive orders has garnered significant attention, particularly regarding policies on cryptocurrencies. Despite rumors suggesting that Trump would sign executive orders pertaining to cryptocurrencies, the ultimate outcome saw no mention of Bitcoin or the strategic reserve, nor any cryptocurrency-related content, in the executive orders signed on his first day. While some cryptocurrency policy leaders anticipate Trump signing an executive order prohibiting the creation of a Central Bank Digital Currency (CBDC), the timeframe for its official signing remains uncertain. Nevertheless, Jeremy Allaire, CEO of Circle, still expects Trump to soon issue an executive order that would ease banks' access to digital assets and repeal the U.S. SEC's "Staff Accounting Bulletin" (SAB 121), thereby paving the way for the adoption of cryptocurrencies within financial institutions.
Ace Hot Topic Analysis
Analysis
Trump signed several executive orders on his first day in office, but made no mention of cryptocurrencies or Bitcoin. There were earlier rumors that Trump might sign an executive order allowing banks to hold digital assets more easily and repeal the Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB 121), but those did not materialize. Despite this, some crypto policy leaders still expect Trump to sign an executive order banning the creation of a central bank digital currency (CBDC) and create a cryptocurrency council. It remains unclear when these executive orders would be formally signed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump could soon sign an executive order that would make it easier for banks to own digital assets and support cryptocurrencies
Trump could sign an executive order banning the creation of a central bank digital currency (CBDC)
Trump could sign an executive order establishing a cryptocurrency council
Trump's executive order may contain provisions related to cryptocurrency, but the specific details have not yet been released