#MAGA It is expected that the Trump administration will issue a presidential order on encryption currencies on the first day of taking office. Details:


According to a report in The Washington Post, President-elect Donald Trump is expected to sign a series of executive orders that will significantly reshape the regulatory framework for digital assets in the United States.
The first day is expected to take an important step
Presidential Encryption Committee: According to the information reflected by the media, one of the primary legislative proposals is to establish a 'Presidential Encryption Committee' composed of about 20 cryptocurrency experts.
Repeal of SAB 121: The rule named 'SAB 121' issued by the U.S. Securities and Exchange Commission (SEC) prohibiting U.S. banks from holding encryption currencies has been repealed, which is also a possible solution. This rule has been a significant obstacle, especially for encryption currency companies looking to integrate with traditional financial systems.
Promoting Bank Access: The Trump administration also expects to issue additional executive orders to promote cooperation between encryption companies and banks. This step may alleviate the problem of 'unbanked' faced by encryption companies due to regulatory uncertainties.
Comprehensive encryption presidential decree
SEC and CFTC cooperation: According to reports, after the inauguration, Trump will address broader regulatory issues in the coming weeks, one of which is to establish a working group focused on encryption currencies between the SEC and the Commodity Futures Trading Commission (CFTC).
Canceling DeFi special supervision: Another decree aimed at abolishing the Securities and Exchange Commission's regulations, which have been criticized by the encryption community for targeting decentralized finance (DeFi) projects.
International cooperation: In addition, the Trump team has also prepared another executive order, planning to promote global encryption innovation through the efforts of the US Secretary of State.
"encryption ball" and industry interaction
On January 17th, the 'encryption night' event: In addition to policy reforms, as part of the Trump inauguration celebration, a high-level event called 'encryption night' will be held on January 17th.
VIP reception and David Sachs: This event will be organized by Trump's super PAC (MAGA Inc.) and will invite David Sachs to attend a special VIP reception. Trump has appointed him as the "czar" in charge of artificial intelligence and encryption affairs.
VIP tickets and private dinner: Although VIP tickets are priced at $100,000, the exclusive package of one million US dollars also provides the right to attend Trump's private dinner, as well as four tickets.
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TheTrendIsInBitDevip
· 2025-01-14 16:06
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