#Trump100Days
𧩠Key Crypto Priorities for Trump's First 100 Days
The Blockchain Association, a prominent U.S.-based crypto lobbying group, has outlined several initiatives aimed at reshaping the crypto landscape during the initial phase of Trump's presidency:âBinance+1Binance+1
Establishing a Clear Regulatory Framework
Advocating for comprehensive legislation that balances consumer protection with innovation, particularly concerning stablecoins and market structure.
Ending the 'Debanking' of Crypto Firms
Calling for the restoration of banking services to crypto companies, which are essential for operations like payroll and tax payments.
Reforming the SEC and Repealing SAB 121
Proposing the appointment of a new SEC chair and the repeal of SAB 121, an accounting rule perceived as punitive towards the crypto sector.
Appointing New Leadership at the Treasury and IRS
Urging the administration to appoint leaders who prioritize privacy and support a fair tax environment for digital assets.
Establishing a Cryptocurrency Advisory Council
Proposing the creation of a council to foster collaboration between the industry, Congress, and regulators to craft effective regulations.
đïž Trump's Pro-Crypto Actions
Reflecting his campaign promises, President Trump has taken steps to align his administration with the crypto industry:â
Nominating Paul Atkins as SEC Chair
Trump nominated Paul Atkins, a former SEC commissioner known for his pro-crypto stance, to replace Gary Gensler as SEC chair, signaling a shift towards a more crypto-friendly regulatory approach. âBinance+8Cointelegraph+8Binance+8
Considering Executive Orders to Ease Banking Restrictions
Reports suggest that Trump is expected to sign executive orders aimed at easing banking restrictions on digital assets, facilitating greater integration of cryptocurrencies into the financial system. âBinance
đ Market Sentiment
The crypto market has responded positively to these developments, with increased optimism about the potential for a more supportive regulatory environment under