Trump’s First 100 Days Yield Significant Crypto Policy Changes
In the first 100 days of Donald Trump's presidency, several key actions have impacted the cryptocurrency landscape:
- Introduction of the TRUMP memecoin.
- Issuance of a crypto-focused executive order emphasizing stablecoin legislation.
- Creation of a strategic bitcoin reserve and digital asset stockpile through another executive order.
- Signing of H.J. Res. 25 into law, eliminating an IRS rule that imposed burdensome reporting requirements on DeFi players.
- Appointments of Paul Atkins and Brian Quintenz to lead the SEC and CFTC, respectively, which may shape future regulatory approaches.
- Anticipation of further executive orders addressing Federal Reserve master account access for crypto entities.
- Calls for more clarity on the application of the Howey and Reves cases to digital assets.
- Discussion on improving registration processes and facilitating the role of custodians in the crypto space.
Industry stakeholders are pressing for continued reforms and clearer regulations to foster growth within the sector.