Donald Trump to Sign Executive Order on Cryptocurrencies: Expected This Week! - Coin Newsletter

U.S. President Donald Trump is reportedly set to sign a new executive order later this week that will make it easier for crypto companies to access banking services.

The cryptocurrency industry in the United States faced serious difficulties through the banking system during the Biden administration. A new executive order from the Trump administration aims to reverse that. According to sources, Trump is preparing to "dismantle Biden-era regulations, especially "Operation Chokepoint 2.0" that hampered banking transactions of crypto companies.

It is thought that banks will facilitate billions of dollars in inflows into cryptocurrencies.

Although the details of the content of the executive order have not yet been officially shared, changes to the central bank's policies will allow crypto banks to access the Fed's payment system. In addition, sources say that the Trump administration may include a clear directive that stablecoins should not be treated as securities with the new regulation.

Stablecoins are reassuring

Stablecoins, which are particularly closely watched by the cryptocurrency industry, may experience a major relief from Trump's executive order. **The exclusion of stablecoins from the securities class could increase investment in the sector by reducing regulatory uncertainties. Crypto activities, which have recently declined due to regulatory pressures, especially in the United States, are expected to regain momentum.

Bo Hines, director of the Trump administration's Digital Assets Working Group, gave hope to industry representatives in a brief statement, saying, "The industry can expect positive developments in the near future." If the decree is signed, it seems possible that the United States will again gain an advantage in the global competition in the cryptocurrency sector.