#Trump Signs Cryptocurrency Executive Order#
Hot Topic Overview
Overview
Trump signed multiple executive orders on his first day of his second term, but made no mention of cryptocurrency or Bitcoin. Despite this, Circle CEO Jeremy Allaire expects Trump to soon sign an executive order allowing banks to hold digital assets more easily and repealing SEC Staff Accounting Bulletin (SAB) 121. Some crypto policy leaders also anticipate Trump signing an executive order that would ban 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 President Trump signing an executive order on cryptocurrency has sparked widespread attention, but there is no definitive confirmation that he has signed such an order. While Circle CEO Jeremy Allaire predicts that Trump will "soon" issue an executive order allowing banks to trade cryptocurrencies and provide cryptocurrency investments to high-net-worth clients, Trump has not yet mentioned Bitcoin or cryptocurrency in any signed executive order. Some sources claim that Trump did not mention cryptocurrency in the executive orders he signed on his first day in office, while others suggest he may sign related orders in the future, including the establishment of a cryptocurrency commission and the prohibition of creating a central bank digital currency (CBDC). Currently, the specifics of Trump's cryptocurrency policy remain speculative, and more official information is needed for confirmation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's executive order did not mention cryptocurrencies, including Bitcoin and strategic reserves.
Circle CEO Jeremy Allaire expects Trump to soon issue an executive order allowing banks to trade cryptocurrencies and repealing SEC's Staff Accounting Bulletin 121 to encourage financial institutions to hold crypto assets.
Crypto policy leaders expect Trump to sign an executive order banning the creation of CBDCs and establishing a cryptocurrency council.
Trump's executive order may contain provisions related to cryptocurrencies, but the details have not been released.