Trump to Sign Executive Order Supporting Cryptocurrency Regulations on Inauguration Day

President-elect Donald Trump plans to sign an executive order on cryptocurrency regulations on his first day in office. Key points include:

The order aims to address "debanking," where banks restrict or shut down accounts of crypto firms.
It may repeal Staff Accounting Bulletin (SAB) 121, which requires companies to classify digital assets as liabilities.
Trump's administration will focus on removing unnecessary regulations and taxation to foster innovation in the crypto sector.
Commitment to protecting online free speech and reducing big tech censorship is emphasized.
Plans to appoint tech-friendly leaders across government agencies to support innovation.

David Sacks has been named as a key advisor for this initiative.