The elected President of US Donald Trump is planning to issue an executive order that would make cryptocurrency a national priority.

The move would create a cryptocurrency advisory board to represent the industry's interests in the administration. The order is expected to be signed on January 20, the day Trump is inaugurated. It could also include a directive for all government agencies to review their digital asset policies, which could lead to a stay of litigation involving companies like Binance and Ripple Labs. In addition, the creation of a national Bitcoin reserve is being considered, which could strengthen the US position in the cryptocurrency market.

Trump has previously spoken out in support of Bitcoin and promised to make the US the “crypto capital of the world”. Since his election victory, Bitcoin has risen significantly, indicating growing interest in cryptocurrencies in the country. The move could also impact international relations in the cryptocurrency space, forcing other countries to reconsider their approaches to regulating digital assets.

ORIENT news