Incoming President Donald Trump could begin his term with an executive order designating cryptocurrencies as a national priority.

It is believed that unnamed sources are aware of the matter He said Bloomberg said the order could create a cryptocurrency advisory board and direct government agencies to cooperate with the industry. They added that the returning president would likely sign it on January 20.

Discussions are said to be underway for the order to include a directive for all federal agencies to review their cryptocurrency policies, with the possibility of pausing ongoing litigation against major players in the industry.

Ditto I mentioned By crypto.news The new Trump-era Securities and Exchange Commission is expected to drive some of these changes, led by crypto-friendly Paul Atkins.

Under the Biden administration, regulators brought Enforcement actions Against prominent companies such as Binance and ripple. The regulator has argued that many cryptocurrencies qualify as securities under the Howey Test.

Such enforcement actions and lack of regulatory clarity have made it difficult for cryptocurrency companies to operate within the United States, prompting some to... Explore friendlier jurisdictions outside.

According to sources, another consideration for the executive order is the creation of a strategic bitcoin reserve. This reserve will allow the US government to consolidate and manage its existing cryptocurrency holdings, which are said to total about $20 billion, primarily in bitcoin seized from criminal investigations.

Trump I embraced He floated the idea of ​​making the United States a leader in cryptocurrencies during his election campaign, pledging to turn it into the “cryptocurrency capital of the world.” Defenders view Proposed Bitcoin reserves as an inflation hedge and a way to address the national debt.

Bitcoin has rebounded back above $100,000, driven by optimism about expected cryptocurrency demand from Trump and hopes for a supportive regulatory shift.

However, sources indicated that the matter has not been finalized and may be reviewed before publication.

Market participants expect these changes to re-establish the United States as a leader in the cryptocurrency industry. Kara Calvert, vice president of US policy at Coinbase, told Bloomberg that Trump's policy changes would serve as a signal that the United States is back and ready to lead.

"What this signals to other countries is to be careful, otherwise they won't be able to keep up," she added.

In related news, another a report It suggests that Trump is considering an “America First” cryptocurrency reserve strategy, which would prioritize US-founded digital assets such as Solana, USD Coin (USDC), and Ripple’s (XRP).