Donald Trump could issue crypto executive orders on first day: Report - Cointelegraph

Donald Trump may sign several crypto-related executive orders on Jan. 20, his first day back in the White House, according to a report by The Washington Post. These orders could address crypto “de-banking,” which industry executives say stems from Biden-era financial regulators pressuring banks to cut off digital asset firms. Another key target is the SEC’s Staff Accounting Bulletin (SAB) 121, which classifies crypto held by banks as liabilities on their balance sheets—an approach Trump’s advisors want repealed.

Trump’s incoming crypto and artificial intelligence czar, David Sacks, has reportedly indicated that the new administration will prioritize rolling back Biden’s “Operation ChokePoint 2.0.” Additionally, prominent venture capitalist Marc Andreessen is said to be playing a behind-the-scenes role in screening candidates for various government positions, including tech, defense, and intelligence posts. These moves align with Trump’s campaign promise to make the United States a global “crypto capital,” which includes establishing a Bitcoin strategic reserve and easing regulatory hurdles for the industry.