Trump to Issue Executive Orders on Crypto Policies, Including Repeal of SAB 121, on Day One

Jan 13, 2025, 08:24 PM

President-elect Donald Trump is expected to issue executive orders pertaining to cryptocurrency policies, including Bitcoin, on his first day in office, according to reports from The Washington Post. Trump and his transition team, including advisor David Sacks, have been working closely with cryptocurrency industry leaders to develop a legislative strategy aimed at crafting favorable regulations and attracting top talent to the United States. The anticipated executive orders may address issues such as de-banking and potentially repeal the controversial accounting policy SAB 121, which requires banks holding digital assets to classify them as liabilities. These actions could positively impact the cryptocurrency industry.