Trump Bitcoin Reserve could be on the agenda in the first few hours with a BTC executive order right after the inauguration. How true is this?
With Donald Trump’s inauguration just days away, the crypto world is holding its breath for a Bitcoin Reserve. Everything in the world of politics and crypto seems unusually quiet right now.
No protests, no riots, no Jan 6-type event from the left, and no more boasting from the right; the bots and shills have piped down. Crypto is in boring sideways trading. The worst the libs did was have a temper tantrum on Reddit and maybe delete their Twitter account for Bluesky.
What happens next? BTC to $1 million; WW3? Will Kanye West Perform on January 20 in Washington, DC?
— Follow @allkanyewest (@allkanyemedia) August 19, 2024
Speculation is swirling about incoming executive orders that could upend the current playbook on blockchain and cryptocurrency regulation. This cocktail of hype and unease is shaking up conversations across the industry.
A Presidential Crypto Council and Bitcoin Reserve on the Horizon
One of the first moves expected from Trump’s administration is the establishment of a presidential crypto council and Bitcoin Reserve. Reports suggest this body will include roughly 20 influential industry leaders—likely founders and CEOs of major cryptocurrency and blockchain companies. This initiative signals a hands-on approach to fostering innovation and oversight in the digital asset sector.
Leading the charge, relative crypto newcomer Bo Hines, 29, has contacted crypto leaders, sourcing insights for the administration’s looming executive orders. This could be the groundwork for a more cooperative approach to policy and quicker traction on crypto-positive regulation stateside.
Repealing SAB 121 and Prioritizing Banking Access
Another widely anticipated change is an executive order to repeal SAB 121, the contentious rule that discourages American banks from holding cryptocurrencies.
Although Congress passed a repeal last spring, it was vetoed by President Joe Biden, keeping the restriction in place. Trump’s action to nullify the rule could be a game-changer for the industry, as it would expand access to conventional banking services for crypto companies and projects.
The Washington Post is reporting that Trump will repeal SAB 121 on day one.
(Congress passed the repeal last year, but Biden vetoed it)
It's the third of Saylor's three catalysts for $5m BTC:
✅ Spot ETFs
✅ Fair value accounting
✅ Banks can custody Bitcoin (SAB 121 repeal) pic.twitter.com/c530CFtQPQ— Julian Fahrer (@Julian__Fahrer) January 13, 2025
A Trump-led repeal could unravel these restrictions, opening traditional banks to crypto projects. It could spark wider reforms, pushing the U.S. crypto scene closer to global power status.
Trump’s economic team also explores gradual tariffs to boost negotiations with global trade partners. While primarily focused on traditional goods, these tariffs could indirectly influence crypto markets by adding volatility to currency trading and increasing demand for decentralized financial solutions.
What Could This Mean for the Bitcoin Reserve and Crypto Industry?
What are your plans for an inauguration day?
I plan on making Chinese pineapple pork buns with vegetables and soy sauce for me and the boys. We’ll get into comfortable Hawaiian shirts and order expensive foreign Chinese liquor. It’s good to be alive.
Trump’s 2025 crypto executive order could mark a turning point for the industry. Early moves hint at priorities like cooperation, deregulation, and chasing global dominance. Whether celebrated or criticized, his presidency may reshape how the U.S. approaches blockchain.
The year ahead could leave a lasting imprint on cryptocurrencies.
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