Circle CEO Jeremy Allaire expressed optimism about President Donald Trump’s potential to enact policies favorable to the crypto industry, including executive orders that could remove barriers to digital asset adoption, Reuters reported on Jan. 20.
Speaking at the Reuters Global Markets Forum during the World Economic Forum in Davos, Allaire highlighted the urgency of reversing restrictive measures like the SEC’s Staff Accounting Bulletin (SAB) 121.
According to Allaire:
“SAB 121 effectively penalized banks and financial institutions for holding cryptocurrencies on their balance sheets.”