Why Does Donald Trump Not Announce His Expected Cryptocurrency Decisions? CEO from the Industry Made a Comforting Statement

Circle CEO Jeremy Allaire, in the coming period crypto para He expressed confidence in the regulatory and enforcement actions that could significantly affect the sector. Speaking at a recent event, Allaire discussed the controversial Personnel Accounting Bulletin No. He predicted that 121 (SAB 121) would be repealed and executive orders would be issued on crypto-related matters.

SAB 121, issued under the Biden administration, created challenges for public companies and financial institutions by imposing strict accounting rules for cryptocurrencies. Allaire noted that the bulletin was seen as “punitive” by the industry, especially for banks and companies that want to hold or keep crypto assets.

“Banks need openness, and companies need openness to be able to hold crypto assets on their balance sheets and provide custody without punitive measures,” Allaire said. He noted that repealing SAB 121 would alleviate these challenges, make the financial system more crypto-friendly, and unlock broader institutional participation in digital assets.

Allaire also expects new executive orders from Trump regarding cryptocurrencies, signaling that the regulatory environment may change soon. Although crypto was not explicitly mentioned in the president’s inaugural address, Allaire expressed optimism about prioritizing crypto on the administration’s agenda.

“We will start to see regulators, Congress and the White House take action,” he said.

The potential repeal of SAB 121 and the implementation of executive orders could pave the way for greater institutional adoption of crypto. Allaire noted that these actions would be in line with efforts to make capital markets friendlier to digital assets and improve regulatory clarity.

At the World Economic Forum in Davos, Allaire discussed the growing momentum for crypto-friendly policies, particularly among Republican leadership and key industry players. He believes that addressing these regulatory issues will unlock new opportunities for the financial industry and drive the next wave of crypto adoption.

*This is not investment advice.