Trump Set to Sign New Crypto De-Banking Executive Orders

President-elect Donald Trump has potential plans to issue executive orders on crypto de-banking and banking policies upon taking office on January 20.

As Trump prepares to return to the White House, he is anticipated to sign executive orders addressing crypto de-banking and reversing a policy that mandates banks classify digital assets as liabilities, according to The Washington Post.

The policy originates from the Securities and Exchange Commission’s Staff Accounting Bulletin (SAB 121), issued in March 2022 under President Joe Biden’s administration, a directive that has faced pushback from the crypto sector.

“The Trump team has made it very clear that this is a priority,” a source close to the discussions told the Post, stressing the administration’s focus on the matter.

Biden’s administration has faced persistent accusations from the crypto community and industry executives, who claim that financial regulators are leveraging pressure to sever the industry’s access to financial services under the initiative known as “Operation ChokePoint 2.0.”

The Post also reported that on December 20, 2024, David Sacks, Trump’s appointed AI and crypto czar, hosted a luncheon where he revealed Trump’s plans to overturn President Biden’s 2023 AI executive order. The order, criticized by conservatives for stating that AI should operate “in a manner that advances equity,” was discussed with tech executives and government officials in attendance.

Alongside crypto-focused policies, Trump’s administration is also expected to revisit a range of other technology-related regulations.

Meanwhile, venture capitalist Marc Andreessen has emerged as a key figure in shaping the direction of Trump’s incoming administration.

With a well-established track record in tech and crypto investments, Andreessen played a pivotal role in recruiting individuals for high-level positions across various sectors, including technology, defense, and intelligence. His influence is expected to be significant in advancing policies that could define the U.S. tech landscape.

The Washington Post also reported that since Trump’s election, Andreessen has made frequent visits to Trump’s Mar-a-Lago Club in Florida, the President-elect’s primary base of operations.

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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