Circle CEO Jeremy Allaire expressed optimism regarding President Trump's potential executive order aimed at facilitating banks' ownership of digital assets. Speaking at the World Economic Forum in Davos, Allaire predicted that crypto-friendly measures could be introduced imminently but did not provide a specific timeline. He criticized the SEC's SAB 121, which restricts financial institutions from holding cryptocurrencies on their balance sheets. Allaire argued that this regulation hinders rather than protects investors and stifles the technology's adoption. Although Trump took office amid increasing crypto market activity and significant Bitcoin inflows into exchange-traded products (ETPs), he did not address digital assets in his inauguration speech. The lack of a clear crypto strategy in Trump's initial address raises questions about the immediate future of crypto regulations under his administration.

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