President-Elect Donald Trump Expected To Sign Executive Order To Make Crypto A National Priority On Day One

Incoming
US
President
Donald
Trump
is
expected
to
sign
an
executive
order
to
make
digital
assets
a
national
priority
on
his
first
day
in
the
White
House,
according
to
multiple
reports.

In
a
Jan.
17


report,
Bloomberg
cited
people
familiar
with
the
matter,
and
said
regulatory
agencies
would
be
guided
to
work
with
the
industry
under
the
new
executive
order.
A
crypto
council
could
also
be
created
to
advocate
for
the
crypto
sector,
it
added.

Trump
Preparing
To
Make
America
A
“Crypto
Capital” 

The
Bloomberg
report
comes
after


Trump

made
a
series
of
promises
to
the
crypto
community
during
the
2024
elections.
Most
of
the
promises
related
to
introducing
more
crypto-friendly
policy
as
part
of
an
effort
to
make
the
US
a
“crypto
capital.”

The
President-elect
is
expected
to
sign
the
executive
order
on
Jan.
20,
Bloomberg
said,
adding
that
it’s
still
possible
the
plan
will
change.
Crypto
executives
have
already


offered

input
to
Trump’s
crypto
czar
David
Sacks
on
an
executive
order
that
covers
multiple
areas
of
crypto
policy. 

Similar
to
the
Bloomberg
report,
the
Washington
Post
said
that
Trump
will
is
expected
to
sign
an
executive
order
on
Jan.
20 
that
relates
to
crypto
de-banking.
He
is
also
expected
to
repeal
a
bank
accounting
policy
that
requires
banks
who
custody
crypto
to
record
the
digital
assets
as
liabilities
on
their
balance
sheets.

SEC
Could
Abandon
Crypto
Cases
Under
New
Administration

The
US
Securities
and
Exchange
Commission
(SEC)
is
expected
to
drop
some
of
its
lawsuits
against
crypto
companies
that
do
not
relate
to
fraud
allegations,
according
to
a
Jan.
15


Reuters

report. 

This
comes
after
the
regulator
filed
an
appeal
for
a
key
ruling
made
in
its
case
against
Ripple
Labs
earlier
this
week.
The
firm’s
chief
legal
officer
Stuarty
Alderoty
criticized
the
SEC
for
rehashing
arguments
that
have
“failed”
in
the
past.
He
also
predicted
that
the
long-running
lawsuit
between
Ripple
and
the
SEC
will
be
“abandoned
by
the
next
administration.”

As
expected,
the
SEC’s
appeal
brief
is
a
rehash
of
already
failed
arguments
–and
likely
to
be
abandoned
by
the
next
administration.
We’ll
respond
formally
in
due
time.
For
now,
know
this:
the
SEC’s
lawsuit
is
just
noise.
A
new
era
of
pro-innovation
regulation
is
coming,
and…

https://t.co/3ZxO64Fs8C

—
Stuart
Alderoty
(@s_alderoty)

January
16,
2025

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