Donald Trump plans crypto-friendly orders in first few days in power
Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan.
Budget with ET
Before Budget, Raghuram Rajan is worried about the big Indian middle class
How cities can drive India's sustainable urban development goal forward
Budget 2025 needs to help global electronic makers plan life outside China
Trump, who courted crypto cash on the campaign trail with promises to be a «crypto president,» is expected to sign an executive order creating a crypto advisory council, an idea he first floated in July, said two of the sources who requested anonymity to discuss private deliberations.
Bloomberg News first reported on Thursday that Trump was planning to issue an executive order creating a crypto council, which would help advise the government on crypto-friendly policy. It could have as many as 20 members, according to one of the sources.
Trump's advisers have also discussed using an executive order to direct the Securities and Exchange Commission to rescind 2022 accounting guidance known as «SAB 121» that has made it too costly for some companies, particularly banks, to hold cryptocurrencies on behalf of third parties, the people said.
Trump is also expected to order the end of "Operation Choke Point 2.0," the term crypto executives use to describe what they say has been a concerted effort by bank regulators to choke crypto companies out of the
