Key Takeaways
- Trump to issue crypto-focused executive orders on first day of presidency, reshaping US blockchain policy.
- Trump’s presidency is expected to usher in major policy shifts benefiting tech and crypto industries, with figures like Marc Andreesen and David Sacks influencing its direction.
Share this article
President-elect Donald Trump’s administration is set to prioritize the crypto industry from the very start of his presidency.
According to a Washington Post report, the administration plans to issue executive orders on the first day of Trump’s term.
These orders will focus on supporting digital assets and advancing blockchain technology, signaling a major shift in US crypto policy.
Crafted with input from tech leader Marc Andreessen and incoming AI and Crypto Czar David Sacks, the policies signal a significant departure from the regulatory approach of the previous administration.
Andreessen, co-founder of venture capital firm Andreessen Horowitz, has emerged as a central figure in shaping Trump’s technology and crypto agenda.
His involvement stems from a pivotal meeting at Trump’s New Jersey golf club last summer, where they discussed strategies to ensure American tech dominance over China.
Beyond crypto, Andreessen has been recruiting candidates for key positions in tech, defense, and intelligence, marking a new chapter in Silicon Valley’s relationship with Washington.
David Sacks, working closely with Andreessen, is drafting executive orders aimed at revising accounting standards for digital assets and creating a legal framework to support crypto companies operating in the US.
These policies are expected to address issues like “de-banking” while fostering a more favorable environment for blockchain startups, institutional investors, and decentralized finance platforms.
A December gathering at Trump’s Mar-a-Lago Club underscored the administration’s focus on crypto and decentralized technologies.
Attendees included Ark Invest CEO Cathie Wood and investors from 1789 Capital, signaling the importance of blockchain innovation in the incoming administration’s plans.
The proposed policies represent a stark shift from the Biden administration’s approach, which tightened regulations following the 2022 FTX collapse.
“The Trump team has made it very clear that this is a priority,” said an industry insider familiar with the plans, emphasizing the administration’s focus on addressing de-banking issues and revising crypto accounting policies.
The initiatives extend beyond crypto to include easing AI regulations, reversing antitrust measures affecting tech companies, and promoting innovation through deregulation.
Share this article
https://cryptobriefing.com/crypto-focused-policies-trump-presidency/
