Trump Expected to Sign Executive Orders Easing Bank Ownership of Digital Assets, Says Circle CEO Jeremy Allaire

Jan 21, 2025, 03:46 AM

Circle CEO Jeremy Allaire anticipates that U.S. President Donald Trump will soon sign executive orders to facilitate banks' involvement with digital assets. These orders are expected to allow banks to trade cryptocurrencies, offer crypto investments to wealthy clients, and hold digital assets in their portfolios. Allaire also called for the repeal of the U.S. Securities and Exchange Commission's Staff Accounting Bulletin (SAB 121), which currently restricts financial institutions from holding digital assets. This move is seen as a significant step toward mainstream crypto integration, potentially easing regulatory restrictions on cryptocurrencies.