Under President Trump's Leadership, Direction for Cryptocurrency Policy and Regulations
President Trump is anticipated to sign Executive Orders, thrusting crypto into a national policy priority, and establishing a Presidential Council of Advisers for Digital Assets, or 'Crypto Council.' This council is expected to consist of 24 individuals, including private sector leaders. The crypto industry is hopeful for a more positive framework under Trump than what was offered by the Biden Administration.
Though the expected Executive Orders weren't part of the initial Day One batch signed by Trump, the crypto community is eagerly waiting for a more welcoming crypto framework. The Crypto Council could be a significant public-private partnership, fostering cross-agency coordination and supporting a consistent regulatory framework.
Enrichment data suggests that Trump's Executive Order titled "Strengthening American Leadership in Digital Financial Technology" was issued on January 23, 2025. It emphasizes U.S. leadership in blockchain, digital assets, and other emerging financial technologies. Key provisions include promoting dollar-backed stablecoins, providing regulatory clarity, and preventing the establishment of CBDCs.
The changes in U.S. regulators under Trump have resulted in some positive developments for the crypto industry. For instance, Trump appointed SEC Commissioner Mark Uyeda as the Acting Chair of the SEC and announced that SEC Commissioner Hester Peirce would lead a new crypto task force. This task force will develop a comprehensive regulatory framework for crypto assets, marking an initial victory for the crypto community.
Trump also appointed the new Acting Chair of the FDIC, Travis Hill, who has signaled a more open-minded approach to innovation and technology adoption. These changes and appointments are expected to significantly impact the crypto industry, encouraging regulatory clarity, fostering innovation, and ensuring fair access to banking services.
The Executive Order signed by President Trump on January 23, 2025, titled "Strengthening American Leadership in Digital Financial Technology," includes provisions for promoting dollar-backed stablecoins and providing regulatory clarity for crypto regulations. This order falls under the jurisdiction of the Presidential Council of Advisers for Digital Assets, or 'Crypto Council,' established to foster a more positive framework for crypto.
