Trump to Target Crypto Regulations with Day-One Executive Orders

The incoming administration plans to address key cryptocurrency policies, including de-banking and accounting rules, as part of broader efforts to foster industry growth.

• President-elect Donald Trump is expected to issue multiple cryptocurrency-related executive orders on his first day in office, according to reports.
• One anticipated order will create a presidential crypto council comprising industry leaders to provide guidance on digital asset policies.
• The executive orders are likely to address de-banking practices and repeal an accounting rule (SAB 121) that discourages banks from holding cryptocurrency assets.
• David Sacks, appointed as the administration’s AI and Crypto Czar, will lead efforts to establish a legal framework to promote innovation and industry clarity.
• Trump’s administration aims to position the U.S. as a global leader in cryptocurrency, reflecting a major policy shift from his earlier stance and the Biden administration's approach.

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