#Trump lists cryptocurrency as national policy#

According to Bloomberg, President-elect Donald Trump plans to issue an executive order designating cryptocurrency as a national priority and creating a crypto advisory council aimed at guiding government agencies in working with the industry. The order may also announce the development of a cryptocurrency advisory program, advocating for policy objectives of the digital asset industry. Trump's allies are also discussing a halt to federal crypto lawsuits. The news has sparked market optimism for cryptocurrencies, but the Coinbase premium indicator suggests US investor demand for Bitcoin remains subdued. While Trump embraced the crypto industry in the lead-up to the November election, it remains to be seen if his policy promises will materialize. If Trump were to deliver on his promises, it would have a major impact on the crypto industry and could potentially propel the United States to become the global crypto hub. However, uncertainty remains about whether Trump’s policies will be implemented smoothly, given the significant regulatory scrutiny cryptocurrencies face from the US government.