Donald Trump intends to make cryptocurrency a national priority; Details

One of US President-elect Donald Trump's plans regarding the cryptocurrency industry has recently been revealed. Trump intends to make cryptocurrency a national priority, according to as recent information from Bloomberg.

Amid recent moves as his inauguration day approaches next Monday (20), Trump is planning to sign an executive order that will be aimed at prioritizing cryptocurrencies.

According to information shared by the report, which cited people familiar with the matter, the order aims to allow industry members to work with agency regulators. Additionally, the document could mandate the creation of a cryptocurrency advisory board.

Since his candidacy, Trump has highlighted his support for the cryptocurrency industry with promises of a more favorable environment for digital assets and companies in the sector, as well as significant changes, such as the removal of Gary Gensler from the head of the Securities and Exchange Commission, as well as the creation of legislation in favor of cryptocurrencies.

President Trump Plans to Adopt Bitcoin on First Day of Office

At the start of his term on January 20, 2025, President-elect Donald Trump, must implement significant executive orders related to cryptocurrencies, converting campaign promises into concrete actions. According to recent information from the Washington Post, these measures are anticipated with great anticipation by the cryptocurrency community, due to the president’s history of support for the industry.

Within the transition cabinet, Trump has been working closely with crypto industry leaders to shape a robust policy for the digital ecosystem. Orders expected on the first day of his administration include addressing challenges such as debanking and reviewing regulations that directly affect the handling of crypto assets by financial institutions. One of the most controversial guidelines under review is one that requires banks to consider crypto assets as liabilities on their balance sheets.

Furthermore, Trump's most audacious plan, the “Strategic Bitcoin Reserve,” promises to put the United States at the forefront of nations incorporating cryptocurrencies as strategic assets.