On the first day of his inauguration, US President-elect Donald Trump plans to sign executive orders concerning cryptocurrencies. According to The Washington Post, the orders will primarily be aimed at solving the problem of disconnecting cryptocurrency companies from banking services and revising the policy for recording digital assets.
Banks are currently required to report cryptocurrencies as liabilities in their financial statements. According to the publication's sources, Donald Trump's team considers this a priority for its activities.
Recall that the crypto industry has repeatedly accused the administration of current President Joe Biden of pressuring banks in order to limit crypto companies' access to financial services.
Particular attention will be paid to the abolition of the requirements of the Securities and Exchange Commissions to account for cryptocurrencies as obligations, introduced back in the spring of 2022 as part of regulatory requirements.
Reuters journalists noted that representatives of the crypto sector are actively promoting the idea of issuing relevant decrees during the first 100 days of Donald Trump's presidency.
At the same time, a number of experts believe that the White House administration will not immediately be able to implement its initiatives in the field of cryptocurrencies due to bureaucratic obstacles in Congress.
