Bitcoin Rockets on Executive Order Buzz

On his first day in office, January 20, 2025, President-elect Donald Trump is expected to release important executive orders that would change U.S. cryptocurrency policy.

Expected actions include designating cryptocurrency as a national priority and creating a crypto advisory council to guide regulatory efforts.

The price of Bitcoin soared past $100,000 recently driven by optimism regarding Trump's pro-crypto stance and potential policies that may facilitate banking access for digital assets.

Coinmarketcap

Additionally, a proposed national Bitcoin reserve could involve substantial government investment to bolster the crypto industry.

It is expected that new SEC leadership will reassess existing enforcement cases, particularly those without fraud allegations, potentially freezing or reopening litigation.

Trump intends to promote deregulation in order to make it clearer how digital assets are classified and to make cryptocurrency compliance easier.

Changes to how companies report crypto assets on their balance sheets may lower barriers for institutional participation.

Not financial advice.

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