We expect US President Trump to issue multiple cryptocurrency-friendly executive orders.
Circle CEO Jeremy Allaire said he expects President Trump to sign an executive order that would make it easier for banks to own digital assets.
Alea said in an interview with Reuters Global Market Forum at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland.
"We expect President Trump's pro-cryptocurrency executive order to be issued shortly," he said in a statement, without giving an exact timeline.
Allaire specifically cited the Securities and Exchange Commission's (SEC) decision to ban financial institutions from including cryptocurrencies in their financial statements.
The EC is concerned about Staff Accounting Disclosure (SAB) 121. Congress voted to repeal SAB 121, but the resolution was vetoed by President Joe Biden.
It was scrapped. At the time, President Biden said, "My Administration will not support any measures that put the well-being of consumers and investors at risk."
According to a Reuters report, Alea and other crypto industry leaders are
We believe that 121 is intended not to protect investors, but to stifle the adoption of new technology.
"SAB 121 effectively made it less favorable for banks, financial institutions and companies to include crypto assets in their financial statements," Allaire said. "The following issues need attention in connection with the executive order:
"The circle led by Alea donated $1 million USDC to President Trump's inaugural committee. Alea announced this fact on January 9th.
revealed that.
2025/01/21 16:51 KST
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