The US crypto sector anticipates that Donald Trump will issue pro-crypto orders on his first official day as president as a guide. reported The 23rd of December is a holiday.
Rebecca Rettig is the chief legal and policies officer of Polygon Labs, said:
“Given the tenor of the campaign, it would be imperative for executive orders to really set out what the actual priorities will be on day one and provide some kind of roadmap.”
Trump’s promises to embrace crypto and position the US as a global leader in the sector have sparked excitement among crypto advocates, who see his administration as a chance to reverse regulatory crackdowns and foster innovation.
Recently, he nominated Bo Hines as well as Stephen Miran to be members of the council for digital and economic assets. Trump has also chosen Other pro-crypto namesPaul Atkins is the new Chairman of the US Securities and Exchange Commission.
This is the wish list
According to the article, the crypto-sector has listed key priorities that it hopes Trump addresses through executive orders. The Bitcoin (BTC). Strategic Reserve is the first. It would set up a national BTC strategic reserve, worth as much as $21 billion.
The w
According to some analysts the Bitcoin reserve plan may be the executive order that is least likely to become a reality on Day One.
However, even though it may materialize, it will be more of a message to the agency’s officials than a legal act, because federal bank regulators have an independent role.
Klaros Group partner Jonah Krane assessed:
“(They) are not going to change policy on the ground on day one. But they will tell you what direction this administration wants to head.”
Another item on the crypto industry’s list is making it easier for crypto firms to access banking services in the US. As letters published by Coinbase’s chief legal officer, Paul Grewal, revealed, the Federal Deposit Insurance Corporation (FDIC) Was urging the banks Avoid or stop the provision of services related to cryptography.
Krane said that, unlike the Bitcoin Reserve, he wouldn’t be surprised to see a broad executive order instructing agencies to review their rules on this topic from day one.
Last but not least, the US will create a council that is responsible for promoting the development and regulation of crypto in the US. First, the Nomination David Sacks is appointed to head crypto and artificial-intelligence regulation.
These measures, according to insiders, would be an important signal for the markets and a way to reinforce Trump’s promise to become a “crypto president.” This would be a stark contrast to the current administration of President Joe Biden.
Brian Hughes, the spokesperson for Trump’s transition team, made a public statement.
“There has been an effort in the Washington bureaucratic swamp to stifle innovation… but President Trump will deliver on his promise to encourage American leadership in crypto.”
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