Trump’s Crypto Policy Shake-Up: Bitcoin Stockpile, New Rules Ahead

  • Trump’s executive order could make crypto a national priority, boosting legitimacy.
  • Creation of a crypto advisory council ensures industry voices in policy decisions.
  • A national Bitcoin stockpile could solidify Bitcoin’s role in global financial markets.

A significant policy shift in the United States may soon change the course of crypto regulations seen under President Biden. President-elect Donald Trump is preparing an executive order to prioritize cryptocurrency at the national level, a decision that could reshape the regulatory approach to the industry.

The initiative seeks to align cryptocurrency with federal policy, encouraging collaboration between private companies and government agencies while enhancing the legitimacy of digital assets.

Crypto Advisory Council: A New Voice for the Industry

The executive order proposes the creation of a crypto advisory council, giving industry stakeholders a platform to influence regulatory decisions. This council will ensure that businesses operating in the crypto sector have a direct role in shaping policies.

Related: Trump-Backed Crypto Project Moves $61.4M in Ethereum to Coinbase

This approach contrasts sharply with the enforcement-driven methods under former SEC Chair Gary Gensler. Additionally, the order is expected to provide new guidance to federal agencies on digital asset oversight, potentially pausing lawsuits involving cryptocurrencies during the policy review process.

Bitcoin Stockpile: A National Strategy

A standout proposal in Trump’s plan is the development of a national Bitcoin stockpile. The U.S. government, which already holds Bitcoin valued at over $20 billion, could expand its holdings and formalize Bitcoin’s role as a financial asset.

Since November, Bitcoin prices have climbed nearly 50%, driven by expectations of this move. By strengthening its position in global markets, the proposed stockpile could enhance Bitcoin’s role in both domestic and international finance.

Related: SEC Chair Gary Gensler gets pressed on crypto in his final interview with Joe Kernen

Regulatory Reforms to Boost Growth

Despite regulatory challenges under the Biden administration, the U.S. crypto industry has shown resilience, with institutions like BlackRock launching Bitcoin and Ether ETFs. Trump’s executive order is expected to create a more business-friendly environment by simplifying compliance and providing clear rules for the industry.

By introducing the advisory council, a Bitcoin stockpile strategy, and regulatory reforms, the executive order signals a more supportive stance toward the crypto sector. These measures could foster growth and attract further institutional investment.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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