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Crypto Industry Changes: President Donald Trump's Executive Orders

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by Giorgi Kostiuk

a year ago

Donald Trump's first day in office is expected to include signing several executive orders that could significantly affect the cryptocurrency industry.

Trump's Plans for the Crypto Industry

According to The Washington Post, Donald Trump plans to sign an order to repeal the crypto liability accounting policy, a priority for his team. The new administration is also expected to address 'crypto de-banking'.

Industry and Leaders' Reaction

Crypto executives have long accused Joe Biden's administration of pressuring banks to cut off services to the crypto industry. Trump is expected to change this course, fulfilling his campaign promises to make the USA a global 'crypto capital'.

The Trump team has made it very clear that this is a priority.Unnamed source

Marc Andreessen's Role in the New Administration

Marc Andreessen, a venture capitalist known for supporting tech and crypto companies, is said to be a key player in forming Trump's new administration, assisting in selecting candidates for critical positions.

If Trump implements the announced changes, it could significantly impact the development of the cryptocurrency industry in the US and strengthen its global position.

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