#Trump Signs Crypto Order#
Hot Topic Overview
Overview
Trump signed multiple executive orders on his first day in office, but made no mention of cryptocurrency, including Bitcoin or strategic reserves. Nonetheless, Jeremy Allaire, CEO of Circle, expects Trump to soon issue an executive order allowing banks to trade cryptocurrencies and offering cryptocurrency investments to high-net-worth clients. He has called for the repeal of the U.S. SEC's Staff Accounting Bulletin (SAB 121), which removes restrictions on financial institutions, such as banks, holding cryptocurrencies. Additionally, cryptocurrency policy leaders also anticipate that Trump will sign an executive order prohibiting the creation of a central bank digital currency (CBDC). It remains unclear when these executive orders will be formally signed.
Ace Hot Topic Analysis
Analysis
The news of Trump signing a crypto executive order has sparked widespread attention, but there is currently no official confirmation that Trump has signed any executive orders related to cryptocurrencies. Although Jeremy Allaire, CEO of Circle, expects Trump to soon issue an executive order allowing banks to transact in crypto and overturning the SEC's Staff Accounting Bulletin 121, there is no definitive timeline yet. Some sources report that Trump's first-day executive orders did not mention cryptocurrencies, Bitcoin, or strategic reserves. Additionally, some crypto policy leaders anticipate Trump to sign an executive order prohibiting the creation of a CBDC, but it remains unclear when these executive orders will be formally signed. In summary, the current situation surrounding Trump's alleged crypto executive order is still speculative, with no concrete official information available.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump may sign an executive order to make it easier for banks to own digital assets and support cryptocurrency.
Trump may sign an executive order to repeal the US SEC's Statement on Auditing Standards (SAB 121), allowing financial institutions to hold cryptocurrency 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 to establish a cryptocurrency commission.