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- 🌙 Trump Signs Executive Order on Crypto
🌙 Trump Signs Executive Order on Crypto
Trump issued an executive order establishing a Presidential Working Group on Digital Asset Markets, further moving closer to a strategic Bitcoin reserve.
Mike Gavela
January 23, 2025
In partnership with
Crypto Roundup - January 23
In recent developments within the U.S. cryptocurrency landscape, President Donald Trump has indicated a significant shift towards a more crypto-friendly administration. His plans include the potential establishment of a strategic Bitcoin reserve, akin to the strategic petroleum reserves, to support the U.S. economy and mitigate national debt. This initiative, coupled with his opposition to a U.S. Central Bank Digital Currency and support for domestic Bitcoin mining, underscores his vision of positioning the U.S. as a global leader in cryptocurrency. Concurrently, there is mounting opposition to proposed IRS rules that would broadly define crypto developers and maintainers as brokers, a move that has sparked privacy and practicality concerns within the crypto community. Additionally, the cryptocurrency TORN experienced a significant surge in value following a U.S. appeals court's decision to lift sanctions on Tornado Cash, highlighting the ongoing legal and regulatory challenges faced by the sector. These events collectively reflect a dynamic and rapidly evolving intersection of U.S. policy, regulation, and market reactions in the cryptocurrency domain.
Top Stories
Trump Advocates for Strategic Bitcoin Reserve: His administration may establish a strategic reserve of Bitcoin to stabilize and bolster the U.S. economy.
IRS Faces Pushback on Crypto Regulation: Proposed rules to expand broker definitions under IRS scrutiny face significant opposition from within the crypto sector.
Legal Victory for Tornado Cash: A U.S. court's decision to lift sanctions against Tornado Cash catalyzes a sharp increase in its associated cryptocurrency's value.
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OTHER HEADLINES
CRYPTO TWITTER (X)
TRUMP OFFICIALLY SIGNS CRYPTOCURRENCY EXECUTIVE ORDER
— Bitcoin Archive (@BTC_Archive)
8:58 PM • Jan 23, 2025
"stockpile" is jargon that means holding what they have, but not necessarily buying anything
according to @arkham, here's all the coins that the USG holds over $1m
— Alex Thorn (@intangiblecoins)
8:45 PM • Jan 23, 2025
The Crypto Renaissance has officially begun. 🚀
— Michael Saylor⚡️ (@saylor)
8:55 PM • Jan 23, 2025
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