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Trump plans executive orders on crypto regulation and banking guidelines

According to The Washington Post, Donald Trump 🇺🇸 will be elected first day of his presidency Executive Orders on Bitcoin $BTC (-1.61%) and cryptocurrencies on the first day of his presidency.


According to a source involved in the talks David Sacks and members of the Trump transition team are working closely with crypto executives to develop a legislative strategy.


On the first day of his presidency Trump is expected to issue executive orders that could address the following issues:

-De-banking: Measures to address discrimination against crypto companies by banks.

-Crypto accounting: Repeal the controversial directive requiring banks to carry digital assets as liabilities on their balance sheets.


Graphic: Grok 2 by 𝕏

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Point 2 would be very important. Then the banks could offer custody services and hopefully not everything would be stored at Coinbase.
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@stefan_21 Yes, the centralization at Coinbase is really not the yellow of the egg. Once something happens, the rollercoaster goes downhill for a long time.
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@Ash Imagine the coins from Microstrategy and the coins from all the spot ETFs were gone... Coinbase could shut down and we probably wouldn't get any more ETFs any time soon😂
I assume that Coinbase is taking appropriate security measures and distributing custody across many wallets - but I would still prefer it if custody were distributed across many service providers.
That was almost the case last year. The bill was passed by the Senate and Biden vetoed it just before the deadline - why immer🤷‍♂️
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Oh well, he wants to do a lot on the first day, could be tight
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