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As U.S. President-elect Donald Trump prepares to return to the White House on January 20, his first day in office could be marked by executive actions that may significantly impact the cryptocurrency industry.

According to a report by The Washington Post on Jan. 13, Trump is expected to prioritize executive orders addressing crypto de-banking and revising a controversial bank accounting policy.

The anticipated orders include a repeal of a policy introduced under the Biden administration, requiring banks holding cryptocurrency to list the digital assets as liabilities.

This policy stems from the Securities and Exchange Commission’s March 2022 Staff Accounting Bulletin, SAB 121, which has faced resistance from the crypto industry.

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