Bloomberg expects the new President to enhance cryptocurrency oversight
Donald Trump, set to re-enter the White House on January 20, is reportedly planning to prioritize cryptocurrency regulation on his first day back in office. According to Bloomberg, Trump may sign an executive order that would establish crypto as a national priority. This initiative could direct regulatory agencies to collaborate with the industry and create a dedicated crypto council to represent its interests.
While specifics of the order remain fluid, the plan reflects the significant support Trump received from the crypto sector during his campaign. Industry executives have reportedly contributed input to David Sacks, Trump’s designated “crypto czar,” aiming to shape policies that could boost the United States’ position as a global leader in cryptocurrency.
The proposed executive order might also address several contentious issues within the sector. Reports suggest it could include measures to halt crypto-related lawsuits without fraud allegations, review existing crypto regulations, and even create a government-held Bitcoin reserve.
Advocates argue such a reserve could act as an inflation hedge and contribute to reducing national debt. Currently, the US government holds approximately $20.3 billion worth of seized cryptocurrencies, the majority of which is Bitcoin.
Additionally, there’s speculation that Trump’s administration could repeal certain banking policies that classify crypto holdings as liabilities. This move, alongside initiatives to prevent crypto de-banking, signals a broader effort to align financial systems with the rapidly growing digital asset market.
Although the proposed policies indicate a favorable stance toward the crypto industry, their final form remains uncertain. Key decisions, including the directive for government agencies to freeze crypto-related litigation, are still under discussion. Trump’s approach could significantly reshape the regulatory landscape, influencing both domestic and global cryptocurrency markets.

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