US President Donald Trump is set to sign Executive Orders elevating crypto to a national priority and forming a Presidential Council of Advisers for Digital Assets, known as the ‘Crypto Council.’ This development comes after the Biden Administration’s more restrictive approach.
The 24-member Crypto Council will comprise private sector founders and CEOs. An Executive Order may direct government agencies to review policies on digital assets, potentially pausing litigation involving crypto companies.
Other possible measures include tax relief, capital gains clarification, and crypto payment acceptance. Trump is also expected to sign an Executive Order banning the formation of a ‘digital dollar.’
The Crypto Council will help formulate policies for the crypto space and advise the President on digital assets. Industry leaders who served on the council reportedly met with Trump in Florida.
Trump’s administration change has led to positive developments for the industry, including the appointment of SEC Commissioner Mark Uyeda as Acting Chair, and a new crypto task force under Hester Peirce. The FDIC has also seen a shift with the appointment of Travis Hill as Acting Chair, who signaled open-minded policy moves towards digital assets.
This development is seen as a significant step forward for the industry, which had faced significant challenges under the Biden Administration.
Source: https://www.forbes.com/sites/jasonbrett/2025/01/21/where-crypto-policy-and-regulations-are-headed-under-president-trump