Trump Will Act ‘Imminently’ on Banks’ Crypto Trading
Circle CEO Jeremy Allaire said he anticipates that President Donald Trump will move quickly on new cryptocurrency rules.
Allaire said he expects executive orders “imminently” from the new president, allowing banks to trade crypto, offer crypto investments to wealthy clients and hold it in portfolios, Reuters reported Monday (Jan. 20).
Trump has pledged to be a “crypto president” and is expected to issue executive orders to lower crypto regulatory roadblocks and promote widespread adoption of digital assets after taking office Monday, per the report.
He has also minted his own cryptocurrency, a meme coin that jumped as high as $15 billion over the weekend and sparked criticism in the crypto industry.
Allaire said he…
