- David Bailey got confirmation that crypto will be included in the first 200 executive orders.
- The crypto community got disappointed as there was no mention of crypto on Donald Trump’s first day as the president.
As Donald Trump’s inauguration as the 47th President of the US completed successfully, the crypto community is eagerly awaiting major reforms to the industry. However, Trump made no sound on cryptocurrencies on his first day. Despite there was no mention of crypto, the industry remained hopeful of regulation and adoption of crypto in the US.
Got confirmation tonight that our EOs are among the first 200. I have no idea what made it in, but good news cometh
— David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) January 21, 2025
Adding to the existing hopes of the community members, industry leaders, and investors, Bitcoin Magazine CEO David Bailey stated that he got confirmation that the first 200 executive orders (EOs) include crypto. While he has no idea about what the EOs include, he confirmed that it will be good news for the industry. Bailey didn’t reveal any sources, through which he got this confirmation.
Donald Trump Made no Mention of Crypto on the First Day
The President, who launched his own memecoin and the World Liberty Financial crypto project, did not mention crypto in his inaugural address. After the inauguration, White House announced “America’s First Priorities,” in which crypto was supposed to be included. To our surprise, there was not a single mention of crypto, blockchain, or Bitcoin.
Even though the crypto community got disappointed, several industry officials and leaders are confirming that his next EOs will include crypto. On the other hand, community members are commenting that Trump has already proved his commitment to crypto with his TRUMP memecoin launch and WLFI project. The community is still hopeful that he will regulate the industry to help increase crypto adoption.
Circle CEO Says Upcoming Executive Orders Increase Crypto Adoption in the US
During an interview with the Reuters Global Markets Forum at World Economic Forum’s annual meeting in Davos, Circle CEO Jeremy Allaire also confirmed there going to be crypto EOs. He further stated that upcoming crypto EOs could allow banks to trade crypto and offer crypto investments to wealthy clients.
Jeremy Allaire also said he would like to see the revocation of the SEC’s Staff Accounting Bulletin 121. Because, the SEC made it difficult for banks and financial institutions to hold crypto assets in their balance sheets. Allaire said he would watch EOs especially in regards to the SEC Staff Accounting Bulletin 121. During the same, Coinbase Chief Policy Officer also said that they expect the new SEC will take action and bring banks into the custodial space.
Nonetheless, several sources including industry officials and leaders are confirming that we will see crypto in the first 200 executive orders. As there was no mention of crypto on the first day, the crypto community is staying wide awake waiting for EOs that bring major changes favorable to the crypto industry.
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