Key Takeaways
- Trump to issue Bitcoin-focused executive orders on day one.
- Policies include addressing de-banking and fostering blockchain growth.
- David Sacks and Marc Andreessen play key roles in shaping the agenda.
Donald Trump’s presidency is set to commence with significant policy shifts, particularly favoring Bitcoin and crypto.
According to a report by The Washington Post, the administration plans to issue executive orders on day one addressing de-banking issues and advancing cryptocurrency innovation.
Key policy advisors
These policies, developed with input from tech leader Marc Andreessen and incoming AI and Bitcoin Czar David Sacks, mark a sharp departure from the prior administration’s stricter regulatory stance.
Andreessen, a key figure in Trump’s tech strategy, has been involved since a pivotal meeting at Trump’s New Jersey golf club last summer.
The focus of their discussions included strategies to enhance American tech dominance, particularly over China.
Regulatory changes
David Sacks, collaborating with Andreessen, is drafting orders aimed at revising accounting standards for Bitcoin and fostering a supportive environment for crypto firms and exchanges.
The policies also aim to address “de-banking” practices, which have hindered many Bitcoin-focused startups and decentralized finance platforms.
Industry support
A December meeting at Trump’s Mar-a-Lago Club, attended by figures like Ark Invest CEO Cathie Wood, further emphasized Bitcoin’s role in the incoming administration’s plans.
Policy shift
These initiatives contrast with the Biden administration’s stringent policies following the 2022 FTX collapse, setting the stage for a new chapter in U.S. Bitcoin and crypto policy.
