Catenaa, Wednesday, December 25, 2024 – President-elect Donald Trump is reportedly considering issuing an executive order related to the cryptocurrency industry on his first day in office, January 20, 2025, according to sources cited by Reuters.
The order could focus on establishing a federal Bitcoin reserve, creating a cryptocurrency council, or ensuring protected access to digital asset banking.
Trump’s pro-crypto stance has been welcomed by the industry, particularly after years of the SEC’s enforcement-heavy regulatory approach under outgoing chair Gary Gensler. During his campaign, Trump promised to replace Gensler, who resigned last month, with Paul Atkins, a former SEC commissioner and vocal advocate for deregulation and digital assets.
The industry anticipates Atkins’ leadership will bring more favorable regulations. Trump underscored this belief, praising Atkins as a “proven leader for common sense regulations” who understands the need for robust, innovative capital markets.
Trump’s crypto-friendly policies align with his past statements, including his commitment at the Bitcoin 2024 Conference to support rules written by “people who love your industry, not hate your industry.”
Whether Trump will sign a crypto executive order on Inauguration Day remains uncertain, but his administration’s early actions could reshape the regulatory landscape for the cryptocurrency sector.
