According to Odaily Planet Daily, the US encryption industry expects President-elect Trump to issue an executive order supporting encryption on the first day of his inauguration. Rebecca Rettig, chief legal and policy officer at Polygon Labs, said that the executive order needs to clarify priorities.
Trump nominated Stephen Miran and Bo Hines, who support cryptocurrencies, to the Economic and Digital Assets Committee and selected Paul Atkins as SEC Chairman. The crypto industry hopes to establish a national strategic reserve of Bitcoin worth $21 billion.
Analysts believe that the Bitcoin reserve plan is unlikely to be implemented on the first day. Jonah Krane, partner at Klaros Group, said that the policy will not change immediately, but will point the direction of the government.
The crypto industry also wants easier access to U.S. banking services and the establishment of a coordinating committee to promote industry growth. Industry insiders believe that these measures will solidify Trump's promise to become the "crypto president."
