Donald Trump is reportedly preparing to sign executive orders on the first day of his presidency, targeting key issues in the crypto sector. According to sources familiar with the matter, these directives may focus on reversing a contentious crypto accounting rule that requires banks holding digital assets to classify them as liabilities.
Will Donald Trump Pass Crypto-Related Executive Order on Day 1?
Additionally, the administration is expected to address the ongoing problem of de-banking in the crypto industry. A source involved in discussions stated, “The Trump team has made it very clear that this is a priority,” according to a report by the Washington Post.
David Sacks, along with members of Trump’s transition team, has been working closely with cryptocurrency leaders to finalize the administration’s legislative approach. Sacks previewed parts of the strategy at a December 20 event at Mar-a-Lago. The luncheon, titled “America First: The Future of Space, AI, and Tech,” brought together tech investors, entrepreneurs, and government officials.
Guests dined on black cod with mushroom miso broth while listening to presentations from prominent speakers, including Cathie Wood of Ark Invest and Omeed Malik of 1789 Capital. Malik’s firm, which has connections to incoming Vice President JD Vance and Donald Trump Jr., co-hosted the event alongside Type One Ventures. Other attendees included venture capitalists Katherine Boyle of Andreessen Horowitz and Christopher Buskirk of 1789 Capital.
Sacks Comments On AI Regulation
During his address, Sacks committed to overturning Joe Biden’s AI executive order, which he described as favoring partisan interests. “It’s an order written by Democratic insiders for Democratic insiders,” he said, according to an anonymous attendee. Critics of the current AI policy argue it promotes “woke” technology by mandating equity and prohibiting algorithmic discrimination. Sacks emphasized the need for a limited government role in AI regulation. He stated, “We don’t think AI needs much from the government.”
Type One Ventures partner Tarek Waked supported Sacks’ stance, arguing that industry experts are better suited to oversee technological regulations. “They know how the sausage gets made,” Waked said.
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