On his first day in office next week, President-elect Donald Trump is expected to issue executive orders regarding cryptocurrency.
A person involved with conversations told the Washington Post that executive orders Trump is expected to deliver on day one include those that address debanking and another that repeals a cryptocurrency accounting policy that requires banks that hold digital assets to count them as liabilities on the institution’s balance sheet.
“The Trump team has made it very clear that this is a priority,” the person said.
Trump has appointed tech entrepreneur David Sacks as the White House AI & Crypto Czar. Trump said of the appointment in December, “In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship. He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology.”
“There has been an effort in the Washington bureaucratic swamp to stifle innovation with more regulation and higher taxes,” said Brian Hughes, a Trump-Vance transition spokesperson. “With support from many entrepreneurs who are thrilled to turn the page on the past four years, President Trump and David Sacks will safeguard free speech online, steer us away from big tech censorship, and develop a legal framework so the crypto industry can thrive in the United States.” […]
— Read More: thepostmillennial.com
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