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The Trump administration is expected to issue a presidential order related to Crypto Assets on the first day of its tenure. News details: #春节集福卡,赢周边和百万奖励#
According to a report in The Washington Post, President-elect Donald Trump is expected to sign a series of executive orders that will significantly reshape the regulatory framework for digital assets in the United States.
The first day is expected to take an important step.
Presidential encryption Committee: According to information reflected by the media, one of the first decrees foresees the establishment of a 'Presidential encryption Committee' composed of about 20 Crypto Assets experts.
Repeal of SAB 121: The U.S. Securities and Exchange Commission (SEC) has issued a repeal of the regulation named 'SAB 121', which prevented U.S. banks from holding Crypto Assets and is also under discussion. This regulation has been a major obstacle, especially for Crypto Asset companies hoping to integrate with traditional financial systems.
Promoting Bank Access: The Trump administration is also expected to issue additional executive orders to make it easier for encryption companies to cooperate with banks. This move could alleviate the problem of 'unbanking' caused by regulatory uncertainty that makes it difficult for encryption companies to work with banks.
Sweeping encryption executive order
SEC and CFTC Cooperation: According to reports, Trump plans to address broader regulatory issues, including issuing an executive order to establish a working group focused on encryption between the SEC and the Commodity Futures Trading Commission (CFTC) in the weeks after taking office.
Repeal of DeFi special regulations: Another executive order aims to abolish the SEC's exchange rules, which have been criticized by the encryption community for targeting decentralized finance (DeFi) projects.
International Cooperation: Another executive order prepared by the Trump team also plans to encourage the US Secretary of State to strengthen international cooperation and promote global encryption innovation.
Interaction between "encryption ball" and the department
On the evening of January 17th, the “encryption night” event: In addition to policy reforms, as part of the Trump inauguration celebration, a high-level event “encryption night” will be held on January 17th.
VIP reception and David Sacks: This event will be organized by Trump's super PAC (MAGA Inc.), and will host a special VIP reception, joined by the appointed AI and encryption 'czar' David Sacks.
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