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President-elect Donald Trump is set to issue an executive order early Monday, making crypto a central policy focus. This groundbreaking move includes the creation of a crypto advisory council, pulling in industry leaders to shape future regulations. This initiative marks a significant shift from the Biden administration’s restrictive approach, which saw numerous enforcement actions against major crypto firms.
Under the forthcoming order, all government agencies will be tasked with reassessing their digital asset policies and may even halt ongoing litigations against companies like Ripple Labs. The plan also proposes a national Bitcoin reserve, aiming to consolidate about $20 billion worth of Bitcoin currently owned by the U.S. from various investigations.
Trump’s proactive stance on crypto was highlighted during his campaign, notably at a Bitcoin conference where he vowed to position the U.S. as a global leader in the field. His family’s venture into crypto projects such as World Liberty Financial underscores their commitment to the industry’s growth. This strategic embrace of digital assets demonstrates the increasing political influence of the crypto sector.
