The post Donald Trump Plans to Designate Cryptocurrency as a National Priority appeared on BitcoinEthereumNews.com.

President-elect Donald Trump plans to release an executive order to elevate cryptocurrency to a national priority in the US, giving the industry a presence within his administration.  The incoming administration also plans to create a crypto advisory council and a national Bitcoin stockpile.  A Significant Policy Shift  The move signals a significant policy shift, giving the crypto industry a more prominent role in shaping government policy and decisions. The executive order to designate cryptocurrency as a national imperative has been worded strategically to guide government agencies to work with the industry. The order is also likely to establish a cryptocurrency advisory council. The council will advocate for the sector’s policy needs. Industry experts expect Trump to issue several executive orders on his first day in office to address several issues, including de-banking and repealing a controversial crypto accounting policy that requires banks holding digital assets to count them as liabilities on their balance sheet.  “JUST IN: US President-elect Trump to designate cryptocurrency as a “national priority.” The initiative is seen as a significant win for the cryptocurrency sector, which faced several regulatory challenges and enforcement action under the Biden administration. Agencies like the Securities and Exchange Commission launched over 100 enforcement actions against crypto companies in recent years.  A National Bitcoin Stockpile  The incoming administration is also deliberating the inclusion of a directive for government agencies to review policies about digital assets. The order could also potentially issue directives to pause litigation involving crypto. Stopping legal actions against top crypto companies, including Binance and Coinbase, is a priority for the industry. The incoming administration is also considering creating a national Bitcoin stockpile, encompassing the government’s existing BTC holdings.  The US government currently holds around $20 billion worth of BTC, confiscated as part of various investigations and enforcement actions. BTC has…

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Filed under: News - @ January 18, 2025 11:21 pm