Circle CEO Jeremy Allaire voiced optimism about President Donald Trump potentially signing an executive order to facilitate bank ownership of digital assets. During the World Economic Forum in Davos, Switzerland, Allaire noted that such pro-crypto measures from Trump are expected imminently. He criticized the SEC's SAB 121, which complicates the ability of financial institutions to hold crypto on their balance sheets, suggesting it hinders the technology's adoption. Allaire highlighted concerns that SAB 121 is punitive towards banks and institutions regarding crypto assets. Amidst this discussion, Trump's inauguration speech on January 20 had no mention of digital assets, yet it sparked volatility in crypto markets, with Bitcoin displaying significant fluctuations. Bitcoin ETPs saw considerable inflows leading up to Trump's inauguration, reflecting market anticipation of his policies.

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