Trump's Imminent Orders May Ease Crypto Rules for Banks, Circle CEO Urges SAB 121 Repeal

Jan 21, 2025, 03:46 AM

Circle CEO Jeremy Allaire has stated that U.S. President Donald Trump is expected to sign executive orders imminently that could significantly impact the cryptocurrency sector. These orders may allow banks to trade cryptocurrencies, offer crypto investments to wealthy clients, and hold digital assets in their portfolios. Allaire has also called for the repeal of the SEC's Staff Accounting Bulletin (SAB 121), which currently restricts banks from holding digital assets. This development is seen as a potential shift in the regulatory landscape for cryptocurrencies in the United States.