President-elect Donald Trump could potentially sign off on crypto-friendly regulation via an executive order on his first day in office, according to a new report from the Washington Post.
According to a person “involved with the conversations,” Trump’s incoming crypto czar David Sacks and other insiders have been working with “crypto leaders” to create a legislative strategy that could end unfair treatment of the industry by banks and regulators.
According to the Washington Post, Trump could sign an executive order to address the issue of “debanking” – the political shutting down of crypto firms’ bank accounts – as well as repeal Staff Accounting Bulletin (SAB) 121, the government’s policy guideline that requires companies to list digital assets as liabilities on their balance sheets.
Another person familiar with the plans told the Washington Post that various tech-friendly leaders will likely be “scattered all over the place” and appointed to different government agencies – including the White House, the Pentagon, the Department of Health and Human Services – to promote their agenda.
QuoteAnother person familiar with the plans told the Washington Post that various tech-friendly leaders will likely be “scattered all over the place” and appointed to different government agencies – including the White House, the Pentagon, the Department of Health and Human Services – to promote their agenda.
no wonder zucker mark is switching sides already about freedom of speech. he already was trying to act like Trump. facebook were censoring post before but now Zuckerberg is telling they are now allowing any post which i guess Trump and him might just become partner for crypto. Zuckerberg was trying to launch his token years ago, i guess this is the time for him to get back on Biden.
Trump prioritizing crypto is going to really pump up the entire market. we will find out if his words can really be trusted in the first day in office.
as you said this is only the start and with less than a week away from trump's inauguration we shall not wait any longer to see his promises and plans turn into actions and not just stay as meaningless words obviously this is good stuff already but this is only step one of many many more steps to come we are yet to see usa to be the most friendly country to crypto but this might mean that we are one step closer to seeing that happen(https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=717/https://s3.cointelegraph.com/uploads/2025-01/019461cd-9e02-7182-93c0-7a92e7ac4543)So on the very first day of the incoming Trump administration, a pro-crypto executive order can be coming that can help the cryptocurrency industry pave the way for more innovations and value. And this is just going to be the start for many more good things to come.
With more pro-crypto people now working for Trump in the White House, we can surely expect a lot better treatment for this industry which we all deserve.very glad with the people that trump has appointed since they seem to have the background and interest in crypto that could well support him and his plans towards the crypto industry exciting things ahead!
---Speaking of $100,000, it has reached that price yesterday when the SEC released the CPI. It reached $100,000, but now it went below it, but that's already a good sign. My previous resistance was at the $97,000, and as long as it maintains above it for the next couple of days, there's a chance that we might surpass $100,000 again and go above its next resistance which is the $102,000.
I wouldn't be surprised if we see $100k before his inauguration and then we will have another set of FOMO that could put the price about $110k-$120k. I know that there are a lot of investors who doesn't like Trump, but it is what it is.
Love him or hate him, he will do good for Bitcoin and crypto while he is the US president.
no wonder zucker mark is switching sides already about freedom of speech. he already was trying to act like Trump. facebook were censoring post before but now Zuckerberg is telling they are now allowing any post which i guess Trump and him might just become partner for crypto. Zuckerberg was trying to launch his token years ago, i guess this is the time for him to get back on Biden.
Many believe that Trump will make an impact from day one, let's see how that will happen.Yeah, a lot of people believe that, but i am not sure about that, i don't believe that Trump will be concerned about BTC once he is sworn in, the U.S. must have other issues for him to put his focus to. Like you said, in a few days time, we will see what happens, we will see if all of that was just campaign promises and nothing else.
So on the very first day of the incoming Trump administration, a pro-crypto executive order can be coming that can help the cryptocurrency industry pave the way for more innovations and value. And this is just going to be the start for many more good things to come. With more pro-crypto people now working for Trump in the White House, we can surely expect a lot better treatment for this industry which we all deserve. We should be glad that Harris did not succeed in her quest to replace Biden as the president of the country...otherwise USA could be a laughing stock in the world stage and can put a lid for cryptocurrency's progress.
---Speaking of $100,000, it has reached that price yesterday when the SEC released the CPI. It reached $100,000, but now it went below it, but that's already a good sign. My previous resistance was at the $97,000, and as long as it maintains above it for the next couple of days, there's a chance that we might surpass $100,000 again and go above its next resistance which is the $102,000.
I wouldn't be surprised if we see $100k before his inauguration and then we will have another set of FOMO that could put the price about $110k-$120k. I know that there are a lot of investors who doesn't like Trump, but it is what it is.
Love him or hate him, he will do good for Bitcoin and crypto while he is the US president.
Speaking of Trump, I expect more moves like this in the future. Let's expect a crypto-friendly country like the US... or is it. :D I mean it's too early to say. Whatever the case is, I believe that any statement that comes from here after the inauguration will have an effect towards Bitcoin either positively or negatively.
I don't know how true this is, i am not so sure that Donald Trump will be thinking about crypto or BTC in his first day in office as the president of the U.S.. However, i hope i am wrong and he actually does this, Trump will be sworn in in a few days, so no need for so much speculation, we will witness what will happen soon.there is a huge possibility he greenlights many of his promised crypto projects
Trump prioritizing crypto is going to really pump up the entire market. we will find out if his words can really be trusted in the first day in office.
Trump just displayed his power by shilling his own token; that results in a huge pump, so congratulations to those who invest early.
Trump is displaying his big influence this early; so many things are going to happen after Trump's inauguration so expect the unexpected.
We may reach unprecedented height with Trump's support on Cryptocurrency, so be ready with your money to pump your money on Bitcoin, but only invest what you can afford to lose.
Trump prioritizing crypto is going to really pump up the entire market. we will find out if his words can really be trusted in the first day in office.
Trump just displayed his power by shilling his own token; that results in a huge pump, so congratulations to those who invest early.
Trump is displaying his big influence this early; so many things are going to happen after Trump's inauguration so expect the unexpected.
We may reach unprecedented height with Trump's support on Cryptocurrency, so be ready with your money to pump your money on Bitcoin, but only invest what you can afford to lose.
Trump prioritizing crypto is going to really pump up the entire market.Many people bought his coin on the launch; more than half, by my assumption, have dumped it, while others are still holding.
Many people bought his coin on the launch; more than half, by my assumption, have dumped it, while others are still holding.It is a pump and dump coin that has no value nor utility, so if anyone is holding this coin, then they are taking a very big risk. I don't know what Trump is doing, launching a meme coin as president and his wife launching hers as first lady, it is crazy, looks like he simply wants to make money off this.
Many people bought his coin on the launch; more than half, by my assumption, have dumped it, while others are still holding.It is a pump and dump coin that has no value nor utility, so if anyone is holding this coin, then they are taking a very big risk. I don't know what Trump is doing, launching a meme coin as president and his wife launching hers as first lady, it is crazy, looks like he simply wants to make money off this.