Trump to Issue Crypto Executive Order on First Day in Office
- President-elect Donald Trump plans to issue a crypto-related executive order on his first day in office.
- The order will establish a presidential crypto council with around 20 industry leaders.
- It aims to instruct the SEC to eliminate SAB 121, which discourages banks from holding crypto.
- A broader set of executive orders addressing complex crypto issues is expected in subsequent weeks.
- Bo Hines, tasked with leading the crypto council, has contacted policy leaders for input on potential orders.
Trump’s initial executive order will create a presidential crypto council and seek to revoke SAB 121, signaling extensive future reforms in the cryptocurrency sector.
