Donald Trump Inauguration Will Feature Crypto Regulations and Technology Leaders
Key Points:
- Donald Trump inauguration is expected to issue an executive order allowing US banks to hold Bitcoin and other cryptocurrencies for clients.
- The order aims to reverse current guidelines that treat digital assets as liabilities, addressing issues like “de-banking.”
Donald Trump inauguration is expected to have an announcement regarding an executive order enabling banks and financial institutions to hold Bitcoin (BTC) and other cryptocurrency assets on behalf of their clients, according to reports.
Read more: President-elect Donald Trump May Ease Crypto But Banks Won’t
Donald Trump Inauguration Will Announce US Crypto Regulations
According to the Washington Post, the move, anticipated to be one of his first actions in office, signals a major shift in the country’s approach to digital asset regulation.
The executive order would reverse existing guidelines that require banks to treat digital assets as liabilities on their balance sheets. This controversial accounting policy has long been criticized by the cryptocurrency industry for stifling institutional adoption. Trump aims to address issues such as “de-banking,” a practice that has limited financial services for crypto-related businesses.
US Poised to Become Global Crypto Leader with Trump’s Policy Overhaul
According to insiders, the overhaul aligns with Trump’s broader promise to position the United States as a global leader in cryptocurrency innovation. His picks for key regulatory positions, including the Treasury Department, the Securities and Exchange Commission, and a White House digital assets adviser, are seen as positive for the industry.
Donald Trump inauguration on January 20 has drawn significant attention from the cryptocurrency community, especially after Bitcoin hit an all-time high of $108,000 in December 2024. Analysts are divided on future price predictions, with some forecasting Bitcoin’s value to fluctuate between $78,000 and $250,000 in 2025.
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