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US crypto industry eyes possible day-one Trump executive orders


Published on 2025-01-02 14:40:45 - MSN
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  • By Hannah Lang (Reuters) -The cryptocurrency industry is pushing President-elect Donald Trump's team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens mainstream,

The U.S. crypto industry is closely monitoring potential executive actions from former President Donald Trump, should he return to office, as reported by CoinDesk. Trump has previously expressed support for cryptocurrencies, notably stating that he would be their "crypto president" and criticizing the current administration's regulatory approach. His potential executive orders could include reversing the SEC's stance on crypto, particularly the classification of most cryptocurrencies as securities, and addressing the issue of banks' reluctance to engage with crypto firms due to regulatory uncertainties. Additionally, Trump's administration might look into the regulatory framework for stablecoins and the possibility of a U.S. central bank digital currency (CBDC). These moves are seen as part of a broader strategy to foster innovation in the crypto sector, potentially giving the U.S. a competitive edge in the global financial technology landscape.

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