Donald Trump plans to issue an executive order on January 20, making cryptocurrency a national priority. The order will promote collaboration between government agencies and the crypto industry, establish a cryptocurrency advisory council, and guide regulatory policies. This marks a major shift from Joe Biden’s administration, which saw over 100 SEC enforcement actions and restrictive banking regulations for the crypto sector.
The initiative could pause ongoing litigation against firms like Binance and Ripple and may direct agencies to review digital asset policies. Reports suggest the SEC might drop non-fraud cases under Trump’s leadership. A key proposal includes creating a national Bitcoin reserve, formalizing the nearly $20 billion in confiscated Bitcoin held by the government, signaling Bitcoin’s strategic importance.
Bitcoin’s price, already above $100,000 after a 50% surge since November, reflects market optimism about the move. Trump, supported by firms like Coinbase and Ripple, aims to position the U.S. as a global crypto leader, fulfilling his campaign promise. His administration will also introduce broader executive orders to boost innovation and leadership across sectors, marking a new era for cryptocurrency in the United States.
