According to sources familiar with the matter, former President Donald Trump is preparing to issue an executive order as early as next Monday that would elevate cryptocurrency to a national priority. This move aims to grant industry insiders a voice within his administration while signaling a strategic shift in U.S. digital asset policy.
Key Developments in the Executive Order
- National Priority Status: The order will designate cryptocurrency as an "urgent national priority," directing federal agencies to collaborate with the sector.
- Advisory Council: Plans include establishing a Cryptocurrency Advisory Committee to advocate for industry policy goals.
- Regulatory Review: Agencies may be instructed to reassess existing digital asset policies, potentially pausing ongoing litigation against crypto firms like Binance and Ripple.
- Bitcoin Reserve Proposal: Under consideration is a national Bitcoin reserve, leveraging the U.S. government’s current holdings (valued at ~$20 billion per Arkham Analytics).
👉 How the Bitcoin Reserve Could Reshape Markets
Market Impact
Bitcoin surged past $100,000 in Asian trading Friday following the news, extending its 50% rally since November’s election. Analysts attribute this to:
- Expectations of reduced regulatory pressure
- Institutional adoption (e.g., BlackRock’s spot Bitcoin ETF launch)
- Speculation around the proposed strategic reserve
Industry Backing
Trump has garnered significant support from crypto leaders:
- Major donations from Coinbase, Ripple, and others to his inauguration committee
- An "Inaugural Crypto Ball" hosted by industry advocates
- Public endorsements from figures like Coinbase VP Kara Calvert: "This signals America’s readiness to lead in crypto innovation."
Historical Context
The order would mark a stark reversal from Biden-era policies, which saw:
- 100+ federal enforcement actions against crypto firms
- Banking restrictions limiting institutional partnerships
- High-profile fraud cases (e.g., FTX collapse)
FAQs
Q: How soon could this executive order take effect?
A: Drafts suggest implementation as early as next Monday, but details remain fluid.
Q: What’s the significance of a "national priority" designation?
A: It mandates cross-agency coordination on crypto policy, potentially fast-tracking favorable regulations.
Q: Will this stop all SEC lawsuits against crypto companies?
A: Not immediately, but the order may pause select cases during policy reviews.
👉 Institutional Crypto Strategies for 2025
Strategic Outlook
Samara Cohen of BlackRock notes: "Regulatory clarity could propel Bitcoin into another historic growth phase." Meanwhile, traditional finance giants like NY Mellon and Cantor Fitzgerald are expanding crypto services—a trend likely to accelerate under the new framework.
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