Donald Trump is set to issue a crypto-related executive order on the first day of his second term, potentially marking the beginning of several other directives pertaining to the cryptocurrency industry. Sources suggest that this initial order will establish a presidential council composed of around 20 industry leaders and direct the SEC to reconsider rule SAB 121, which restricts American banks from holding cryptocurrency. Following Congress's passage to repeal this rule, the Biden administration has yet to act. Besides this initial order, there are expectations of more comprehensive measures concerning the CFTC and SEC's approach to digital assets, including forming a working group and rescinding regulations targeting decentralized finance projects. Furthermore, there may be international coordination on crypto innovation led by the U.S. Secretary of State. While these changes aim to promote the cryptocurrency sector, the execution may require careful deliberation as Trump’s administration prioritizes a range of executive orders during the transition.

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