- Donald Trump signed 26 executive orders on day one
- Crypto task force SEC 2.0 is launched
Donald Trump signed 26 executive orders on the first day, and about 200 new ones are planned, targeting different areas of energy, economy, healthcare, migration, and more. Direct crypto executive orders are still pending, but already came into effect the crypto task force on the launch of SEC Crypto 2.0 aimed at developing a comprehensive and clear regulatory framework for crypto assets.
More About Trump’s Executive Orders and SEC Crypto 2.0
So, Donald Trump immediately got down to business and his inauguration came in the spirit of big changes in critical areas of economics, politics, health, and medicine, as well as many changes regarding freedom of speech, demonstrations, and minorities. Namely:
- Initial Rescissions of Harmful Executive Orders and Actions
- Restoring Freedom of Speech and Ending Federal Censorship
- Ending the Weaponization of the Federal Government
- Putting America First in International Environmental Agreements
- Application of Protecting Americans From Foreign Adversary Controlled Applications Act to TikTok
- Withdrawing the United States From the World Health Organization
- Restoring Accountability to Policy-Influencing Positions Within the Federal Workforce
- Holding Former Government Officials Accountable for Election Interference and Improper Disclosure of Sensitive Governmental Information
- Clarifying the Military’s Role in Protecting the Territorial Integrity of the United States
- Unleashing American Energy
- Realigning the United States Refugee Admissions Program
- Protecting the Meaning and Value of American Citizenship
- Securing Our Borders
- Restoring the Death Penalty and Protecting Public Safety
- Declaring a National Energy Emergency
- Reevaluating and Realigning United States Foreign Aid
- Protecting the American People Against Invasion
- Unleashing Alaska’s Extraordinary Resource Potential
- Protecting the United States From Foreign Terrorists and Other National Security and Public Safety Threats
- America First Policy Directive to the Secretary of State
- Establishing and Implementing the President’s “Department of Government Efficiency”
- Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government
- Ending Radical and Wasteful Government Dei Programs and Preferencing
- Reforming the Federal Hiring Process and Restoring Merit to Government Service
- Designating Cartels and Other Organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists
- Restoring Names That Honor American Greatness
Also, among the important appointments signed on the first day of the presidency are:
- James McHenry as acting attorney general
- Robert Salesses as acting Secretary of Defense
- Dorothy Fink as acting Secretary of Health and Human Services
- Benjamine Huffman as acting Secretary of Homeland Security
- Mark Averill as acting Secretary of the Army
- Tom Sylvester as acting CIA director
- Mark Uyeda as acting chairman of the Securities and Exchange Commission
- Andrew Ferguson as chairman of the Federal Trade Commission
At the same time, direct and unambiguous crypto executive orders have not yet been received, but there is hardly a person who doubts that they are expected in much. However, Donald Trump’s appointed SEC Acting Chairman Mark T. Uyeda has already initiated actions on his part, namely launching a crypto task force dedicated to developing a comprehensive and clear regulatory framework for crypto assets.
Acting Chairman Uyeda said:
“I look forward to the efforts of Commissioner Peirce to lead regulatory policy on crypto, which involves multiple SEC divisions and offices,” Acting Chairman Uyeda said.
Also among the key figures who will be involved in SEC Crypto 2.0 are:
- Commissioner Hester Peirce will lead the task force.
- Richard Gabbert, Senior Advisor to the Acting Chairman will serve as the task force’s Chief of Staff.
- Taylor Asher, Senior Policy Advisor to the Acting Chairman will serve as Chief Policy Advisor.
Stated Commissioner Peirce:
“This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties. We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation.”
Of the key expected items that will be the focus of the development:
- Clear regulations for DeFi and ETFs.
- Support for blockchain innovation.
- Recognizing Bitcoin as a Strategic Reserve Asset.
- Ending Rule 3b-6, which would allow U.S. users access to DeFi platforms like Uniswap.
- Ending Operation Choke Point, which has limited crypto companies’ banking options.
- Advancing the Fit for the 21st Century Act, creating a more crypto-friendly regulatory environment.
Conclusion
Even these are already big changes, at least regulatory ones, although their implementation remains more complex and the dynamics can be unpredictable due to a myriad of factors.
And we should probably expect many more of these, which could end up making Donald Trump’s second presidency highly remarkable. We very much hope so, in a favorable way. Stay tuned for the latest developments.
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