The Trump administration is expected to issue a presidential decree related to encryption currency on its first day in office. News details:


According to The Washington Post, President-elect Donald Trump is expected to sign a series of executive orders that will significantly reshape the regulatory framework for digital assets in the United States.
The first day is expected to take an important step forward
Presidential encryption Committee: According to the information reflected in the media, one of the first decrees foresees the establishment of a 'Presidential encryption Committee' composed of about 20 cryptocurrency experts.
Repeal of SAB 121: The repeal of a regulation called 'SAB 121' issued by the U.S. Securities and Exchange Commission (SEC), which prevents U.S. banks from holding encryption currencies, is also under discussion. This regulation has always been a major obstacle, especially for encryption currency companies that want to integrate with traditional financial systems.
Promote bank access: The Trump administration also expects to issue additional executive orders to make it easier for encryption companies to cooperate with banks. This move may alleviate the problem of 'unbanking' caused by the difficulty of encryption companies in cooperating with banks due to regulatory uncertainty.
Sweeping encryption executive order
SEC and CFTC Cooperation: According to reports, Trump plans to address broader regulatory issues, including issuing an executive order to establish a working group focused on encryption, between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the weeks following his inauguration.
Revocation of DeFi Special Rules: Another executive order aims to repeal the SEC's exchange rules, which have been criticized by the encryption community for targeting decentralized finance (DeFi) projects.
International cooperation: Another executive order prepared by the Trump team is also planning to encourage the US Secretary of State to strengthen international cooperation and promote global encryption innovation.
Interaction with 'encryption ball' and department
The 'Encryption Night' event on January 17th: In addition to policy reforms, as part of the Trump inauguration celebration, a high-level event called 'Encryption Night' will be held on January 17th.
VIP reception and David Sacks: This event will be organized by Trump's super PAC (MAGA Inc.) and will host a special VIP reception, joined by the 'czar' of artificial intelligence and encryption issues appointed by Trump, David Sacks.
TRUMP4,46%
MAGA0,52%
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