7 months ago
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The short answer is that it is anyone’s guess.
At the time of publication, Bitcoin was trading at $107K.
However, hope is rising in the Cryptoverse because President-elect Trump has promised (and is positioned) to come out signing. His appointees are promising swift action in virtually every area of government.
100 executive orders
News is circulating that President Trump is set to sign around 100 executive orders shortly after the inauguration.
Last week, Bitcoin bounced on the news (speculation) that one of those orders will be about Bitcoin.
The word inside the Beltway is that the president will establish a Crypto council of around 20 industry leaders. It is speculated that he will instruct the Securities and Exchange Commission (SEC) to abandon the rule known as SAB 121, passed by Congress and voted on by Biden, and discourages banks (US) from holding Crypto.
The Trump transition team talked about more Crypto-friendly executive orders that are on the way.
Here are some of the Crypto-related executive orders that have been mentioned.
Establishing a Crypto working group within the SEC and the Commodity Futures and Trade Commission (CFTC)
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