Trump’s Anticipated Crypto Order Could Designate Crypto as a National Priority

Unnamed sources have revealed that incoming President Donald Trump may kick off his term with an executive order that designates cryptocurrency as a national priority. This move could potentially create a crypto advisory council and direct government agencies to collaborate with the industry, with the possibility of the order being signed on January 20.

Regulatory Clarity and Collaboration

Discussions are reportedly underway for the order to include a directive for all federal agencies to review their crypto policies, with the possibility of pausing ongoing litigation against major industry players. This move could provide much-needed regulatory clarity for crypto companies operating within the United States.

Under the Biden administration, regulators have brought enforcement actions against prominent firms like Binance and Ripple, arguing that many cryptocurrencies qualify as securities under the Howey Test. Such enforcement actions and the lack of regulatory clarity have made it difficult for crypto companies to operate within the United States, pushing some to consider friendlier jurisdictions abroad.

Strategic Bitcoin Reserve and “America-First” Crypto Strategy

Another consideration of the executive order is the creation of a strategic Bitcoin reserve, which would allow the U.S. government to consolidate and manage its existing crypto holdings, reportedly totaling nearly $20 billion, primarily in Bitcoin seized from criminal investigations. The proposed Bitcoin reserve is viewed by advocates as both an inflation hedge and a way to tackle the national debt.

In related news, another report suggests that Trump is considering an “America-first” crypto reserve strategy, which would prioritize U.S.-founded digital assets such as Solana, USD Coin (USDC), and Ripple’s (XRP).

Market Impact and Expectations

Bitcoin has recovered back above $100,000, fueled by optimism over Trump’s anticipated crypto order and hopes for a supportive regulatory shift. Market participants expect these changes to reestablish the U.S. as a leader in the crypto industry.

“What it’s signaling to other countries is be careful, or you won’t keep up,” said Kara Calvert, vice president for U.S. policy at Coinbase. “Trump’s policy changes will be a hint that the United States is back and ready to lead.”

For more news and updates on the world of cryptocurrency, visit Global Crypto News.

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