US President-elect Donald Trump plans to issue a governing order to make cryptocurrency a national priority. He has planned to prioritize the crypto and give industry insiders a voice under his rule.
According to people familiar with the matter, the order is expected to name crypto a national imperative or priority strategic wording that is aimed to guide government agencies in working with the industry.
The people who requested anonymity to argue on a governmental order that is not yet public also said, “It is slated to create a crypto advisory council to advocate for the industry’s policy priorities”.
As per reports, the administrative order is a notice for all government agencies to review their policies about digital assets and to pause any disputes in crypto. Stopping legal actions that have marked a range of companies from the world’s biggest crypto exchange, Binance Holdings Ltd. to startup Ripple Lab is top priority.
Also, it has highlighted the creation of a national Bitcoin stockpile, which would enclose the government’s existing holdings of the world’s biggest cryptocurrency.
According to analytics company Arkham, The US government currently holds Bitcoin worth $20 billion. Bitcoin’s value has been raised almost 50%, to above $100,000, since the November election.
However, Trump has strong support from the crypto industry, which has a powerful presence in Washington.
The order, expected as early as Monday, could redefine the U.S. crypto landscape, reaffirming its position as a hub for innovation and investment in blockchain technology.
Also Read: Donald Trump to Consider XRP, Solana, USDC for Strategic Reserves
