US President-elect Donald Trump is reportedly on the verge of signing an executive order that would designate cryptocurrency as a national priority. The proposed order aims to regulate the industry and create a crypto council to advocate for its policy interests. If signed, it could lead to significant changes in how cryptocurrency is handled within government agencies.
Details of the order are still being discussed, but Bloomberg reported that it may include provisions such as reviewing and freezing government policies on cryptocurrencies, creating a Bitcoin reserve, and pausing any cryptocurrency-related litigation without fraud allegations. Industry experts predict that regulatory agencies will be guided by the industry, while crypto advocates see potential benefits in holding a national reserve of Bitcoin.
Trump has stated his intention to make the US a “crypto capital,” and local industries have heavily backed his campaign on this issue. The order is expected to be signed on Trump’s first day back as president, January 20, although it may undergo changes before being made public.
Source: https://cointelegraph.com/news/trump-executive-order-crypto-national-priority-bloomberg