President Donald Trump is gearing up to make a big impact on cryptocurrency regulation as soon as he steps back into the White House. According to a report from the Washington Post, Trump is planning to issue executive orders related to crypto on his first day back in office, marking a major shift in regulatory priorities.
A politics reporter at the Washington Post has disclosed that Trump’s plan to focus on crypto regulation is part of a larger effort to revamp the regulatory landscape. This effort has seen significant input from top venture capitalists (VCs) and tech leaders. Marc Andreessen, a well-known figure in the VC world, has reportedly played a key role in the selection process for key positions in the administration, such as those at the Department of Defense and intelligence agencies.
This partnership is part of what insiders are calling a “Small Tech” agenda, aimed at fostering innovation by easing regulatory burdens. One of the early wins for this agenda was the appointment of David Sacks as the AI and crypto chief, who has been collaborating with industry leaders on legislative strategies.
Sacks has also committed to rescinding a controversial AI executive order in 2023, a move that has been praised by Andreessen Horowitz and other influential VC firms. This repeal is expected to be part of a broader effort to align federal policies with industry needs, particularly in the realms of AI and cryptocurrency.
One key focus of the Day One executive orders is anticipated to be the de-banking of crypto companies. These orders may also revoke a contentious accounting rule that mandates banks to treat digital assets as liabilities on their balance sheets.
A source familiar with the discussions stated, “The Trump team has made it very clear that this is a priority.”
The upcoming inauguration ceremony is expected to draw considerable interest from the tech and crypto communities. Peter Thiel, another prominent VC, is reportedly planning a celebratory event, while a “Crypto Ball” is in the works for later in the week.
*This information is not intended as investment advice.