Trump’s Crypto Moves; Bitcoin Rockets on Executive Order Buzz
As the US prepares for a new administration President-elect Donald Trump is going to make cryptocurrency a national priority.
According to multiple reports Trump’s presidency will have policies to grow the digital asset space. This will put cryptocurrency at the heart of the US economy.
| Broker | Review | Regulators | Min Deposit | Website | |
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 | Visit Broker >> | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | SVGFSA | USD 5 | Visit Broker >> |
One of the key parts of Trump’s plan is an executive order to align the government with the crypto industry. To be signed on January 20 the order will ask regulators to work with crypto leaders to form a crypto advisory council. This will be a platform for industry stakeholders to voice concerns and suggest regulations that promote innovation.
This comes after a big jump in Bitcoin’s price which just crossed $102,000. Analysts say the price increase is due to market confidence in the incoming administration’s positive stance on digital assets.
Bitcoin Reserve Proposal Gains Traction
One of the more radical plans being considered by Trump’s administration is a national Bitcoin reserve. The US government already holds around $20 billion in Bitcoin and other cryptocurrencies, mostly from seized assets in law enforcement cases.
Advocates including the Bitcoin Policy Institute have proposed using $21 billion to create a Bitcoin reserve, to position it as a strategic asset for the US economy. This would allow the country to pay off its growing debt and increase its global influence. Some lawmakers like Senator Cynthia Lummis have criticized plans to sell seized Bitcoin, saying it would undermine the reserve’s purpose.
And there are talks of expanding this reserve to include other digital assets like Solana (SOL) and XRP. By diversifying its assets the US could strengthen its position in a digital economy.
Crypto Regulation Overhaul Under Trump
Trump’s administration will also address crypto de-banking and overhaul outdated financial regulations that treat digital assets as liabilities. This will allow banks to manage and hold crypto assets better and open up the market to more participants.
Besides regulatory changes there are talks that ongoing lawsuits against crypto companies could be re-examined. Sources say the SEC may pause some cases especially those without fraud allegations under Trump’s watch. Ripple Labs’ Chief Legal Officer Stuart Alderoty recently said the lawsuits against Ripple could be dismissed altogether, good for crypto companies.
Key Points:
Trump to sign an executive order prioritizing cryptocurrency.
Proposal to create a national Bitcoin reserve worth $21 billion.
Plans to review and relax crypto-related regulations for banks.
ABOUT THE AUTHOR
See More
Add 3442
Related Posts
Add 3440
🏆 7 Best Forex Brokers
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 |  | Visit Broker |
| 🥉 |  | Visit Broker |
| 4 |  | Visit Broker |
| 5 |  | Visit Broker |
| 6 |  | Visit Broker |
| 7 |  | Visit Broker |
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals
Top 4 Brokers
