Important takeaways
- Trump to issue crypto-focused executive orders on first day of presidency, reshaping US blockchain policy.
- Trump’s presidency is expected to usher in major policy changes that benefit the tech and crypto industries, with figures like Marc Andreesen and David Sacks influencing its direction.
President-elect Donald Trump’s administration is set to prioritize the crypto industry right from the start of his presidency.
According to a Washington Post Reportthe administration plans to issue executive orders on the first day of Trump’s term.
These orders will focus on supporting digital assets and promoting blockchain technology, signaling a major shift in US crypto policy.
Crafted with input from tech chief Marc Andreessen and incoming AI and crypto czar David Sacks, the policies signal a significant departure from the previous administration’s oversight approach.
Andreessen, co-founder of venture capital firm Andreessen Horowitz, has emerged as a central figure in shaping Trump’s tech and crypto agenda.
His involvement stems from a pivotal meeting at Trump’s golf club in New Jersey last summer, where they discussed strategies to ensure US technology dominance over China.
Beyond crypto, Andreessen has recruited candidates for key positions in technology, defense and intelligence, marking a new chapter in Silicon Valley’s relationship with Washington.
David Sacks, who works closely with Andreessen, is drafting executive orders aimed at revising accounting standards for digital assets and creating a legal framework to support crypto companies operating in the United States.
These policies are expected to address issues such as “de-banking” while promoting a more favorable environment for blockchain startups, institutional investors and decentralized finance platforms.
A December gathering at Trump’s Mar-a-Lago Club underscored the administration’s focus on crypto and decentralized technology.
Attendees included Ark Invest CEO Cathie Wood and investors from 1789 Capital, signaling the importance of blockchain innovation in the incoming administration’s plans.
The proposed policies represent a sharp shift from the approach of the Biden administration, which tightened regulations after the 2022 FTX collapse.
“The Trump team has made it very clear that this is a priority,” said an industry insider familiar with the plans, emphasizing the administration’s focus on addressing de-banking issues and revising crypto accounting principles.
The initiatives extend beyond crypto and include easing AI regulations, reversing antitrust measures affecting tech companies, and promoting innovation through deregulation.
