As Donald Trump prepares to take office, the crypto sector is advocating for immediate regulatory changes. Industry leaders are seeking potential executive orders to enhance banking access, regulatory clarity, and consider creating a national Bitcoin reserve.
Expected Executive Orders and Industry Concerns and Policy Expectations
With campaign promises to support crypto innovation, industry stakeholders anticipate policy shifts within Trump's first 100 days. Proposals discussed include creating a Bitcoin reserve, ensuring crypto firms access to banking services, and forming a government-backed crypto advisory council. Rebecca Rettig from Polygon Labs stressed the need for immediate executive action for a clear regulatory pathway.
Bitcoin Reserve Integration
Among the proposed measures, a Bitcoin reserve strategy aims at bolstering the United States' position in the global digital economy. The Bitcoin Policy Institute introduced a draft outlining the purchase of $21 billion in Bitcoin as a national reserve. Experts debate whether such an initiative might need congressional approval or if executive action could suffice. Additionally, concerns over banking restrictions on crypto firms remain.
Broader Implications for Crypto Regulation
Analysts predict that the Trump administration might push for a systematic review of existing crypto regulations, which could affect the long-term trajectory of crypto adoption in mainstream finance. Currently, Bitcoin is trading lower, but ongoing institutional interest and increasing network security could propel its value to the $95,000–$98,000 range in the future.
The ongoing developments indicate the Trump administration's serious intentions regarding crypto regulation. However, with financial regulators operating independently, rapid changes seem unlikely, leaving questions open for further discussions and observations.
