Trump Plans Pro-Crypto Executive Order on Day One

BTCC / BTCC Square / Global Cryptocurrency /

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2025-01-15 19:32:02

President-elect Donald Trump is reportedly preparing to sign an executive order supporting cryptocurrency regulations on his first day in office, according to the Washington Post. Sources involved in the discussions reveal that Trump's team, led by incoming crypto advisor David Sacks, has been working closely with cryptocurrency industry leaders to develop policies aimed at ending unfair banking practices and overregulation. The executive order could address the issue of banks politically restricting or shutting down crypto firms' accounts. Additionally, it may include repealing Staff Accounting Bulletin (SAB) 121, a government guideline that forces companies to classify digital assets as liabilities on their balance sheets, which has been criticized for hampering the industry.

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