Trump Expected to Sign Executive Orders on Crypto De-Banking Policies on Day One: Report

As U.S. President-elect Donald Trump prepares to return to the White House on January 20, his first day in office could be marked by executive actions that may significantly impact the cryptocurrency industry.

According to a report by The Washington Post on Jan. 13, Trump is expected to prioritize executive orders addressing crypto de-banking and revising a controversial bank accounting policy.

This policy stems from the Securities and Exchange Commission’s March 2022 Staff Accounting Bulletin, SAB 121, which has faced resistance from the crypto industry.

The anticipated orders include a repeal of a policy introduced under the Biden administration, requiring banks holding cryptocurrency to list the digital assets as liabilities.

The crypto industry has long criticized the Biden administration for what it perceives as a targeted crackdown, often referred to as “Operation ChokePoint 2.0,” aimed at severing the sector’s access to financial services.

The Trump team has reportedly emphasized the urgency of reversing these measures, with sources close to the discussions confirming their high priority.

Trump Team to Reverse SAB 121

In addition to crypto-focused policies, Trump’s administration is expected to revisit other tech-related regulations.

Some insiders predict that at least one such order could be signed on his inauguration day.

Industry leaders have urged Trump to take decisive steps, including issuing crypto-related executive orders, within his first 100 days in office.