As the 47th President of the United States, ‘Donald Trump’ assumes office, reports suggest that Bitcoin and crypto-related issues including ban on creation of central bank digital currency (CBDC) are prominently featured among his first 200 executive orders.
Trump’s 200 Executive Orders Includes Bitcoin, Crypto?
Bitcoin Magazine CEO David Bailey shared the news on X (formerly Twitter), writing, “It has been confirmed that Bitcoin or cryptocurrency-related executive orders are included in the first 200 executive orders issued by Trump after he took office. I don’t know which ones have been selected, but good news has come.”
Got confirmation tonight that our EOs are among the first 200. I have no idea what made it in, but good news cometh
— David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) January 21, 2025
Another speculation is that the executive order might include establishing a crypto committee and possibly restricting the creation of a CBDC.
Fox News journalist Eleanor Terrett shared on X, “In addition to signing an executive order to establish a crypto committee, cryptocurrency policy leaders also expect Trump to sign an executive order banning the creation of a central bank digital currency (CBDC).”
A Pro-Crypto, Pro-Bitcoin ‘Trump’ Administration
Barely days into Trump’s presidency, the crypto community is already buzzing with anticipation over groundbreaking reforms in the space. Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission (SEC), has been appointed acting chair of the agency following Gary Gensler’s departure. Gensler, known for his strict stance on cryptocurrency, served under former President Joe Biden.
In addition, momentum is growing for a nationwide Bitcoin Reserve initiative led by Senator Cynthia Lummis, after 11 US states, including Texas, Ohio, and Oklahoma, have already passed Bitcoin Reserve bills.
Circle CEO Jeremy Allaire recently hinted at a possible executive order that could repeal the SEC’s Staff Accounting Bulletin 121 (SAB 121). This rule currently limits financial institutions from holding cryptocurrencies on their balance sheets.
Ross Ulbricht’s Pardon on the Horizon?
The crypto community is also closely watching for signs that Trump’s executive orders will include the release of Ross Ulbricht, the founder of the Silk Road darknet marketplace.
Ross will be freed too
— Elon Musk (@elonmusk) January 21, 2025
Speculation is rife that as promised by Trump, Ulbricht’s pardon could happen as early as today or tomorrow.
Also Read: $TRUMP $MELANIA Memecoin: Crypto Community Divided Over Trump Family’s Move
