Trump may issue an executive order on his first day in office regarding crypto banking and the repeal of controversial crypto accounting policies
According to the Washington Post, sources said that Trump is expected to issue an executive order on the first day of his presidency regarding banks' crypto operations and the repeal of the controversial cryptocurrency accounting policy, which requires that digital assets held by banks must be accounted for as liabilities on their balance sheets.
"The Trump team has made it clear that this is a priority," one source told The Washington Post. The upcoming executive measures are aimed at cryptocurrency regulation and are intended to protect cryptocurrency investors from what Trump has called the "Washington bureaucratic swamp."