Key Pointers:
- Trump’s upcoming executive order is set to elevate crypto as a national priority and establish a crypto advisory council.
- The order may direct government agencies to review digital asset policies and pause ongoing litigation involving crypto firms.
- Discussions include creating a national Bitcoin stockpile, leveraging the government’s existing $20 billion BTC holdings.
- Trump’s stance signals a major policy shift after years of regulatory crackdowns under the Biden administration.
President-elect Donald Trump is reportedly preparing to issue an executive order that will place cryptocurrency at the top of the U.S. policy agenda. The goal? To position digital assets like Bitcoin as central to America’s financial strategy and to ensure the crypto industry has a voice within his administration.
https://twitter.com/_TallGuyTycoon/status/1879977011642536023
Sources familiar with the matter say the executive order could arrive as early as Monday and will include big steps like creating a crypto advisory council and even exploring a national Bitcoin stockpile.
What’s in the Plan?
Trump’s draft executive order is shaping up to be a major win for the crypto world. Here’s what insiders say it could include:
- Declaring Crypto a National Priority
The order will officially recognize crypto as a “national imperative,” which is Washington-speak for saying, “This is important, and we need to get it right.” It’s a clear sign that the Trump administration is looking to work closely with the crypto industry rather than fighting against it.
https://twitter.com/_Crypto_Barbie/status/1879582307545411944
- A Crypto Advisory Council
The order is expected to create a council made up of industry insiders and experts. This group will help shape crypto-friendly policies and ensure the government takes a collaborative approach. - A Pause on Crypto Lawsuits
Trump might also direct government agencies to pause ongoing legal battles involving crypto companies like Binance and Ripple. These lawsuits, which ramped up during the Biden administration, have been a major point of contention for the industry.
https://twitter.com/wiseadvicesumit/status/1879865378224087047
- National Bitcoin Stockpile
Perhaps the most ambitious idea being floated is a Bitcoin reserve. The U.S. government already holds nearly $20 billion in Bitcoin, confiscated during various investigations. Under Trump’s plan, this stockpile could become an official part of the country’s financial strategy.
Why Now?
The timing of this order makes sense. Bitcoin has been on a tear, recently breaking past $100,000, and many major institutions have embraced the crypto market. Big names like BlackRock and BNY Mellon launched crypto-focused products last year, and even Tesla’s Elon Musk has called for a U.S. Bitcoin reserve.
During his campaign, Trump promised to make the U.S. the “crypto capital of the world.” This executive order seems to be his way of following through on that promise.
A Shift in Tone for U.S. Crypto Policy
This move marks a huge shift compared to the last few years. Under President Biden, crypto faced heavy scrutiny. The SEC filed over 100 enforcement actions against crypto companies, and many banks were reluctant to work with the industry due to unclear regulations.
Trump’s approach is different. He’s aiming to reset the narrative and foster innovation rather than stifling it. As Kara Calvert, VP for U.S. Policy at Coinbase, put it:
“This shows the U.S. is ready to lead in crypto. It’s a message to other countries: keep up, or you’ll get left behind.”