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Coin Edition 2025-01-14 09:50:00

Trump’s Crypto Orders: SEC Reforms and a Presidential Crypto Council

Trump’s Crypto Orders: SEC Reforms and a Presidential Crypto Council

Trump’s crypto council aims to create a unified regulatory framework for digital assets. SEC’s repeal of SAB 121 could open doors for institutional crypto adoption in the U.S. Comprehensive crypto reforms could reshape U.S. policy and foster global innovation. Donald Trump’s return to the presidency is expected to bring significant changes to cryptocurrency policies. His first executive order will address urgent issues in the crypto sector, aiming to reshape how the U.S. regulates digital assets. Reports indicate that this executive order will establish a presidential crypto council , consisting of around 20 key industry leaders. Presidential Crypto Council and New Directions The executive order is set to form a presidential crypto council, including top CEOs and founders from the crypto industry. This group will collaborate on resolving critical challenges in the crypto space. Additionally, the order is expected to push the SEC to rescind SAB 121, a regulation that limits U.S. banks from holding cryptocurrency. This rule has hindered institutional adoption of digital assets. While Congress previously attempted to repeal SAB 121, President Biden�… The post Trump’s Crypto Orders: SEC Reforms and a Presidential Crypto Council appeared first on Coin Edition .

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