Trump Plans Executive Order to Prioritize Crypto as a National Agenda

As he prepares to return to office on January 20, U.S. President-elect Donald Trump is reportedly set to sign an executive order designating cryptocurrency as a national priority. According to sources familiar with the plans, the order will aim to direct regulatory agencies to work more closely with the crypto industry and may also establish a dedicated crypto council to represent the sector’s interests.

Bloomberg, citing anonymous insiders, reported on January 17 that the executive order could be signed as soon as Trump’s first day back in office, though details may still evolve before it is finalized. The order would mark a significant step in Trump’s push to position the U.S. as a global leader in the cryptocurrency space, aligning with his campaign promises to make the country a "crypto capital."

Crypto executives have been actively involved in shaping the forthcoming order, providing feedback to Trump’s appointed crypto czar, David Sacks. The initiative could address a variety of key areas of crypto policy, underscoring the growing influence of the industry in Washington.

The proposed executive order is seen as part of a broader strategy by the incoming administration to engage with the crypto industry, which strongly supported Trump’s campaign. The creation of a crypto council would serve as a platform for the industry to voice its concerns and push for favorable policies.

In addition to the executive order, some crypto advocates have proposed more radical ideas, including the idea of the U.S. government holding a reserve of Bitcoin. Supporters argue that such a move could act as a hedge against inflation and help alleviate the nation’s growing debt burden. Data from Arkham Intelligence reveals that the U.S. currently holds nearly $20.3 billion worth of cryptocurrencies seized during criminal investigations, with $19.8 billion of that total being in Bitcoin alone.

One notable proposal comes from Senator Cynthia Lummis, who has called for the U.S. Treasury to purchase 1 million BTC, a move that would cost at least $100 billion based on Bitcoin’s current price of around $100,200.

As the U.S. prepares to re-engage with the crypto sector, these developments signal a significant shift in the country’s approach to digital assets, with the potential for major policy changes that could shape the future of the industry.