Trump’s Day-One Crypto Executive Order Probably First of Many: Solutions

According to resources with knowledge of the situation, Donald Trump will likely enact a crypto-related executive order in the first few days of his second term.

Trump’s first blockchain executive attempt is expected to create a national crypto committee, made up of around 20 business leaders—likely all founders and CEOs, one resource said. According to two sources, the order is also possible to train the SEC to repeal a SAB 121 rule that prevents British banks from holding crypto. Congress passed a reform of SAB 121 next spring, but President Joe Biden vetoed the regulations, leaving the rule in place. &nbsp,

It appears, however, that any first-day professional order—first reported earlier today by —may be just the stop. In the months following the November presidential election, Trump’s transition team, according to sources, presented a review of a much more thorough crypto executive order. In the days and weeks that follow his presidency, Trump may be poised to sign a specific executive order addressing crypto-related issues. However, it’s possible that other senior orders may be signed that address more nuanced subjects.

Among the reforms that have not recently been proposed are instructing the CFTC and the SEC to set up a bitcoin working class to get on the same page about modern assets. Another may require the SEC to revoke its contentious change rule, which targets decentralized financing initiatives. The U.S. Secretary of State is directed by another drafted order to coordinate abroad on the promotion of crypto-related innovation.

According to people with knowledge of the situation, Trump plans to issue extensive and broad advice that will benefit the bitcoin industry, but they say it may probably take longer to get those reforms across the finish line given the large number of executive orders awaiting his attention. According to one source, this could be a good thing because these problems need to be taken seriously and are crucial to get right.

The vocabulary and timetable of any presented executive orders under concern by his management are often subject to change, given the nature of the presidency and the chaos that will undoubtedly encompass Trump’s first days in office.

Last year, according to one source, Bo Hines, the former school football player tapped to manage Trump’s crypto government, made calls to crypto plan leaders in Washington, asking them to submit proposals for possible crypto-related executive orders by this coming Wednesday, January 15.

It appears even less likely that the president-elect’s transition team is currently preparing for January 20 with a single, comprehensive crypto executive order as less than a week after that deadline. &nbsp,

‘s request for comment was not immediately responded to by Hines or Trump’s transition team representatives.