Jumat, 17 Januari 2025

Trump to enact 5 crypto changes ASAP via Executive Order amid red tape

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Trump to enact 5 crypto changes ASAP via Executive Order amid red tape

Trump's crypto plans face legal hurdles, yet promise a coordinated policy push.

CryptoSlate

Jan 17

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Happy Friday!

As President-elect Donald Trump prepares to take office, the cryptocurrency landscape is poised for significant changes. Reports indicate that he plans to enact five key initiatives via executive order on his first day, including designating crypto as a national priority and establishing a crypto advisory council to streamline government interactions with the industry. However, these ambitious plans face legal challenges, particularly regarding the halting of litigation against crypto companies and the creation of a national Bitcoin stockpile. Meanwhile, Senator Cynthia Lummis is advocating for a pause on the sale of Silk Road Bitcoin and urging accountability from the FDIC concerning crypto records. In the private sector, Coinbase is teaming up with Morpho to offer Bitcoin-backed loans, allowing users to borrow up to $100,000 in USDC. With these developments unfolding, the future of cryptocurrency in the U.S. could be reshaped dramatically in the coming days.

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The global crypto market cap is $3.63 trillion, with a 24-hour volume of $160.7 billion. The price of Bitcoin is $103,938.19, and BTC market dominance is 56.7%. The price of Ethereum is $3,417.55, and ETH market dominance is 11.3%. The best-performing sector is Cat-Themed, which gained 13%. The Crypto Fear & Greed Index is currently Greed (75).