Trump Signs Presidential Crypto Order: Here’s What’s Changing

US Embraces the Crypto Industry Under Trump With New Regulations

Donald Trump, the newly inaugurated President of the United States, has signed a landmark executive order aimed at reshaping the nation’s approach to cryptocurrency.

The order focuses on developing comprehensive crypto regulations, safeguarding banking services for crypto businesses, and exploring the creation of a national cryptocurrency reserve. This marks a significant shift in US crypto policy and underscores Trump’s pledge to position himself as a “crypto president.”

What Does Trump’s Executive Order Entail?

The order establishes a task force led by David Sacks, Trump’s newly appointed advisor for cryptocurrency and artificial intelligence.

The task force includes key officials such as the Treasury Secretary and the heads of the SEC and CFTC. Their mandate is to:

1. Review existing cryptocurrency regulations within 30 days.
2. Propose new regulatory frameworks within 180 days.

One of the task force’s focal points is to evaluate the feasibility of creating a national cryptocurrency reserve, potentially built from confiscated digital assets. However, this order merely calls for a study, not the immediate establishment of such a reserve.

Interestingly, Bitcoin (BTC) is not specifically mentioned, and there is no reference to a national Bitcoin reserve—an idea widely speculated prior to this announcement.

Another notable aspect is the outright prohibition on developing or implementing a central bank digital currency (CBDC). After years of speculation, the prospect of a digital dollar appears to be off the table, at least for now.

Crypto Market Cheers Pro-Business Measures

The crypto industry has responded positively to the order, which alleviates concerns that Trump might neglect his campaign promises regarding digital assets.

US crypto businesses are particularly pleased with the rollback of costly accounting guidelines that previously hindered the management of crypto assets. Additionally, the order reaffirms that banks must continue offering financial services to crypto companies.

Experts believe these measures could help further integrate cryptocurrency into mainstream finance. Following the announcement, the crypto market surged, with prices climbing across the board—except for Trump’s own memecoin, which saw a decline.

Adding to the optimism, the SEC has also scrapped a controversial crypto law, signalling a more business-friendly approach under the new administration.

Trump’s executive order represents a bold step toward shaping the future of cryptocurrency in the United States, setting the stage for innovation and regulatory clarity in the months ahead.