PK Press Club– U.S. President-elect Donald Trump is set to sign an executive order making cryptocurrency a national policy priority and giving industry leaders a significant role in shaping regulations , Bloomberg reported on Friday, citing sources.
The move could reshape how the U.S. government approaches digital assets, marking a dramatic shift from the current administration’s crackdown strategy.
The next order, expected on Monday, aims to elevate cryptocurrency to the status of a national imperative. It could create a crypto advisory council to advocate for industry-friendly policies, signaling a warmer stance after years of regulatory crackdown, the report said.
was up 0.4% at $100,285.5 as of 7:34 p.m. ET (00:34 GMT).
Federal agencies led by President Joe Biden have filed more than 100 enforcement actions against crypto companies, including Binance and , and increased restrictions on the sector’s banking access following scandals such as the collapse of FTX .
Key measures under consideration include a review of existing digital asset policies by all federal agencies and a potential pause on litigation against crypto companies, Bloomberg said, citing unnamed sources familiar with the plans.
Notably, the order could create a national Bitcoin stockpile using the $20 billion in Bitcoin holdings confiscated by the government, the report said.
Trump, who actively supported crypto during his campaign, pledged to make the United States the global leader in digital assets.
The decree, if published, would rely on the dynamics of the private sector. Major financial players like BlackRock (NYSE:) and BNY Mellon (NYSE:) have launched crypto products, while Cantor Fitzgerald announced a Bitcoin finance business, according to the report.
Bitcoin has risen significantly since Trump’s election in November, hitting an all-time high above the $108,000 mark last month, buoyed by optimism surrounding his pro-crypto stance.
The decree remains under discussion and could change, Bloomberg added.
