Trump to prioritise cryptocurrency with executive order

U.S. President-elect Donald Trump plans to issue an executive order designating cryptocurrency as a national policy priority after his inauguration on January 20, 2025.

According to Bloomberg, this executive order aims to enhance collaboration between the government and the crypto sector, establishing a framework for future engagement.

Trump intends to create a crypto advisory council that will include industry executives, allowing them to have a stronger voice in his administration.

Ron Hammond, senior director of government relations at the Blockchain Association, noted that it will be up to the firms to select their representatives for this council.

The incoming administration is expected to adopt a more open approach toward cryptocurrencies compared to the previous administration.

There are indications that the executive order may also address the controversial crypto accounting guidance issued by the U.S. Securities and Exchange Commission (SEC), potentially repealing it.

Furthermore, Trump is reportedly considering establishing an “America-first” strategic reserve prioritising U.S.-based coins like USDC (CRYPTO:USDC), SOL (CRYPTO:SOL), and XRP (CRYPTO:XRP).

This initiative aligns with his campaign promise to position the U.S. as a leader in the crypto sector.

Several states have already proposed bills for building Bitcoin reserves, reflecting growing interest in cryptocurrency at the state level.

As Trump’s inauguration approaches, crypto organisations are organising events such as the Inaugural Crypto Ball in Washington, D.C., signaling the industry's increasing political influence.

The anticipated executive order could signify a significant shift in U.S. cryptocurrency policy, fostering a more favorable environment for digital assets in the coming years.