In a significant shift for cryptocurrency policy, President-elect Donald Trump’s administration prepares to take decisive action supporting digital assets immediately upon taking office.
Breaking: Trump’s Crypto-Friendly Agenda Emerges
According to the Washington Post, Trump plans to sign a groundbreaking executive order supporting cryptocurrency on his first day in office. The initiative, spearheaded by incoming crypto advisor David Sacks, aims to reshape the regulatory landscape.
Key Policy Targets
The proposed executive order focuses on two major issues:
- Addressing “debanking” practices targeting crypto companies
- Potential repeal of SAB 121, which requires firms to list digital assets as liabilities
Team Confirms Priority Status
“The Trump team has made it very clear that this is a priority,” revealed an anonymous source close to the discussions. Brian Hughes, speaking for Trump’s transition team, reinforced their commitment to:
- Protecting online free speech
- Reducing big tech censorship
- Creating a supportive legal framework for crypto
Industry Leadership Plans
Under Trump and Sacks’ leadership, the administration intends to:
- Appoint tech-friendly leaders across government agencies
- Position crypto-savvy officials in key roles at the White House, Pentagon, and Department of Health and Human Services
- Foster innovation across multiple sectors
Strategic Implementation
“With support from entrepreneurs eager to turn the page on the past four years, President Trump and David Sacks will ensure the crypto industry thrives in the United States,” Hughes stated, outlining their vision for American crypto leadership.