TRUMP ADMINISTRATION EXPECTED TO ISSUES CRYPTO-RELATED PRESIDENTIAL DECREES ON ITS FIRST DAY IN OFFICE DETAILS OF THE NEWS:


According to the Washington Post, President-elect Donald Trump is expected to sign a series of presidential decrees that will significantly reshape the regulatory framework for digital assets in the US.
Significant Steps Expected on the First Day
Presidential Crypto Council: According to information reflected in the media, one of the first decrees foresees the establishment of a “Presidential Crypto Council” consisting of approximately 20 cryptocurrency experts.
Removal of SAB 121: The repeal of the regulation called “SAB 121” issued by the SEC (U.S. Securities and Exchange Commission) that prevents U.S. banks from holding cryptocurrencies is also on the table. This regulation had been a major obstacle, especially for crypto companies that wanted to integrate with traditional financial systems.
Facilitating Banking Access: The Trump administration is also expected to issue additional executive orders that will make it easier for crypto companies to work with banks. This step could alleviate the “unbanking” problem experienced by crypto companies that have difficulty cooperating with banks due to regulatory uncertainty.
Sweeping Crypto Executive Orders
SEC and CFTC Collaboration: Trump is reportedly set to address broader regulatory issues in the weeks following his inauguration, including an executive order establishing a crypto-focused working group between the SEC and the Commodity Futures Trading Commission (CFTC).
Removal of DeFi-Focused Rule: Another executive order aims to repeal the SEC’s exchange rule, which has drawn criticism from the crypto community for targeting decentralized finance (DeFi) projects.
International Cooperation: Another executive order prepared by the Trump team also plans to encourage the US Secretary of State to enhance international cooperation to promote crypto innovation globally.
“Crypto Ball” and Sectoral Interaction
“Crypto Ball” Event on January 17: In addition to policy reforms, a high-level event, “Crypto Ball”, will be held on January 17 as part of Trump’s inauguration celebrations.
VIP Reception and David Sacks: This event will be organized by Trump’s super PAC (MAGA Inc.) and a special VIP reception will be held with the participation of David Sacks, whom Trump appointed as his “czar” for artificial intelligence and crypto issues.
TRUMP-1,04%
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MAJOR-5,12%
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