President-elect Donald Trump is reportedly going to issue a crypto-related executive order during the first day of his new term.
According to a new report by Bloomberg, anonymous people familiar with his plans say Trump is planning an executive order that will prioritize crypto-focused policymaking.
[adinserter block="1"]The report says the order will likely name digital assets as a national imperative as well as create a crypto advisory council to promote the interests of the industry.
The sources go on to say that Trump is also considering including a directive in the executive order that would instruct government agencies to review their crypto policies and possibly freeze all lawsuits involving digital assets.
Trump is also considering creating a national Bitcoin (BTC) stockpile from the $20 billion worth of BTC the government has already compiled. However, the sources warn that the executive order – which is slated for Monday – isn’t finalized and may change before issued by Trump.
As stated by Kara Calvert, vice-president for US policy at Coinbase Global, to Bloomberg,
“What I think Donald Trump is going to do is signal that the United States is back and we are ready to lead in this industry. What it’s signaling to other countries is be careful, or you won’t keep up.”
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