U.S. President Donald Trump is preparing to sign a new executive order on cryptocurrency, which could include major policy changes affecting crypto banking access and regulatory oversight.
The anticipated directive is expected to target what the Trump administration sees as restrictive policies under President Joe Biden that hindered crypto companies’ access to banking services.
According to Decrypt, the order may seek to reverse regulatory measures associated with “Operation Chokepoint 2.0,” a reported effort to limit financial services for digital asset firms.
One of the key aspects of the order could involve Federal Reserve policies regarding access to master accounts, which allow banks to interact directly with the Fed’s payment system.
If enacted, this change would be a significant development for the crypto industry, as it would enable crypto-focused banks to integrate with the U.S. financial system more easily. However, the Federal Reserve operates independently, and its policies are not typically dictated by the White House.
Stablecoins Likely to Be Exempt from Securities Classification
The order is also expected to clarify that stablecoins—cryptocurrencies pegged to traditional assets like the U.S. dollar—should not be classified as securities.
If signed, this would be Trump’s third executive order related to cryptocurrency since returning to office. His first, issued in January, established a Presidential Working Group on Digital Asset Markets.
The second, signed last week, called for the creation of a U.S. government Bitcoin reserve and a separate stockpile for other digital assets.
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