On the first day of the Trump administration, it is expected to release detailed information on the presidential order related to cryptocurrency.
According to The Washington Post, President-elect Donald Trump is expected to sign a series of executive orders that will significantly reshape the regulatory framework for crypto assets. Important steps for the first date expectation Chairman encryption Committee: According to media reports, one of the first executive orders is expected to establish a "Chairman encryption Committee" composed of about 20 cryptocurrency experts. Cancellation of SAB 121: The SEC (U.S. Securities and Exchange Commission) issued a regulation called 'SAB 121', which prohibits U.S. banks from holding Crypto Assets. Now this regulation may be cancelled. This regulation poses a significant obstacle, especially for Crypto Asset companies looking to integrate with traditional financial systems. Streamlining banking access: The Trump administration is expected to issue additional executive orders to make it easier for encryption companies to work with banks. Due to regulatory uncertainty, this move could help alleviate the "disengagement" that encryption companies face due to the difficulty of working with banks. Comprehensive encryption executive order SEC and CFTC cooperation: According to reports, Trump will discuss broader regulatory issues in the weeks after taking office, one of which is to issue an executive order aimed at establishing a working group for cryptocurrency involving cooperation between the SEC and the Commodity Futures Trading Commission (CFTC). Canceling the DeFi-focused regulations: Another decision aimed at abolishing the US Securities and Exchange Commission (SEC) trading rules for decentralized finance (DeFi) projects has sparked dissatisfaction in the encryption community. International Cooperation: In addition, the Trump team is also preparing to encourage the U.S. Secretary of State to promote international cooperation in encryption innovation worldwide through another presidential order. "Encryption Sphere" Interacts with the Industry On January 17th, the 'Encryption Night' event: In addition to policy reforms, the celebration of Trump's inauguration also includes the high-level event 'Encryption Night' held on January 17th. VIP reception and David Sacks: This event will be organized by Trump's Super PAC (MAGA Inc.) and attended by David Sacks, the appointed 'Minister' responsible for artificial intelligence and Cryptocurrency affairs by Trump, at a special VIP reception. VIP tickets and special banquet: The VIP tickets for the event are priced at $100,000, while the $1 million special package not only includes four tickets, but also offers the opportunity to have a special banquet with Trump.
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On the first day of the Trump administration, it is expected to release detailed information on the presidential order related to cryptocurrency.
According to The Washington Post, President-elect Donald Trump is expected to sign a series of executive orders that will significantly reshape the regulatory framework for crypto assets.
Important steps for the first date expectation
Chairman encryption Committee: According to media reports, one of the first executive orders is expected to establish a "Chairman encryption Committee" composed of about 20 cryptocurrency experts.
Cancellation of SAB 121: The SEC (U.S. Securities and Exchange Commission) issued a regulation called 'SAB 121', which prohibits U.S. banks from holding Crypto Assets. Now this regulation may be cancelled. This regulation poses a significant obstacle, especially for Crypto Asset companies looking to integrate with traditional financial systems.
Streamlining banking access: The Trump administration is expected to issue additional executive orders to make it easier for encryption companies to work with banks. Due to regulatory uncertainty, this move could help alleviate the "disengagement" that encryption companies face due to the difficulty of working with banks.
Comprehensive encryption executive order
SEC and CFTC cooperation: According to reports, Trump will discuss broader regulatory issues in the weeks after taking office, one of which is to issue an executive order aimed at establishing a working group for cryptocurrency involving cooperation between the SEC and the Commodity Futures Trading Commission (CFTC).
Canceling the DeFi-focused regulations: Another decision aimed at abolishing the US Securities and Exchange Commission (SEC) trading rules for decentralized finance (DeFi) projects has sparked dissatisfaction in the encryption community.
International Cooperation: In addition, the Trump team is also preparing to encourage the U.S. Secretary of State to promote international cooperation in encryption innovation worldwide through another presidential order.
"Encryption Sphere" Interacts with the Industry
On January 17th, the 'Encryption Night' event: In addition to policy reforms, the celebration of Trump's inauguration also includes the high-level event 'Encryption Night' held on January 17th.
VIP reception and David Sacks: This event will be organized by Trump's Super PAC (MAGA Inc.) and attended by David Sacks, the appointed 'Minister' responsible for artificial intelligence and Cryptocurrency affairs by Trump, at a special VIP reception.
VIP tickets and special banquet: The VIP tickets for the event are priced at $100,000, while the $1 million special package not only includes four tickets, but also offers the opportunity to have a special banquet with Trump.