$President-elect Donald Trump has potential plans to issue executive orders on crypto de-banking and banking policies upon taking office on January 20.
As Trump prepares to return to the White House, he is anticipated to sign executive orders addressing crypto de-banking and reversing a policy that mandates banks classify digital assets as liabilities, according to The Washington Post.
The policy originates from the Securities and Exchange Commission’s Staff Accounting Bulletin (SAB 121), issued in March 2022 under President Joe Biden’s administration, a directive that has faced pushback from the crypto sector.
“The Trump team has made it very clear that this is a priority,” a source close to the discussions told the Post, stressing the administration’s focus on the matter.