#Trump signs crypto order#
Hot Topic Overview
Overview
Trump signed a number of executive orders on his first day in office, but made no mention of cryptocurrencies, including Bitcoin or strategic reserves. Despite this, Circle CEO Jeremy Allaire expects Trump to soon sign an executive order that would allow banks to hold digital assets more easily and repeal Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) 121, which prevents financial institutions from holding cryptocurrencies on their balance sheets. Additionally, crypto policy leaders expect Trump to sign an executive order that would prohibit the creation of a central bank digital currency (CBDC). While it remains unclear when these executive orders will be formally signed, the news suggests that the Trump administration may be considering formulating cryptocurrency policy.
Ace Hot Topic Analysis
Analysis
The latest news concerning President Trump's signature on a crypto order reveals that the executive order signed on his first day in office did not mention cryptocurrencies, including Bitcoin or strategic reserves. Despite earlier rumors suggesting that Trump might sign an executive order regarding cryptocurrencies, no official confirmation has emerged. Circle CEO Jeremy Allaire suggested that Trump may soon sign an executive order making it easier for banks to hold digital assets and called for the repeal of the SEC's Staff Accounting Bulletin (SAB 121), which currently restricts banks and other financial institutions from holding cryptocurrencies. Additionally, some crypto policy leaders expect Trump to sign an executive order prohibiting the creation of a Central Bank Digital Currency (CBDC). However, it remains unclear when these executive orders will be officially signed. In summary, the Trump administration's stance on cryptocurrencies is currently unclear, but the market's attention remains high regarding the future direction of policy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump's executive order did not mention cryptocurrency or Bitcoin.
Trump may sign an executive order allowing banks to trade cryptocurrency and provide cryptocurrency investment to high-net-worth clients.
Trump may sign an executive order banning the creation of a central bank digital currency (CBDC).
Trump may sign an executive order to establish a cryptocurrency council.