Trump Signs Order Lifting Crypto Restrictions Boosting DeFi and Stablecoins
On January 23, 2025, President Donald Trump signed an executive order introducing a new federal approach to digital assets, marking a significant shift in U.S. cryptocurrency policy. This initiative aims to lift previous crypto-related restrictions, particularly those affecting decentralized finance (DeFi) platforms and stablecoins. The Federal Reserve supported this move by withdrawing prior guidelines, signaling a more permissive regulatory environment.
The Trump administration, in collaboration with the Securities and Exchange Commission (SEC) and other regulatory bodies, has removed several previous crypto restrictions. This includes repealing Internal Revenue Service (IRS) DeFi broker reporting rules and scaling back enforcement…
