Trump Administration Changes US Digital Asset Policy

 

The Donald Trump administration is actively reviewing federal policies regarding digital assets. On January 23, the President signed an executive order rescinding key provisions of the regulatory framework created under the Biden administration. On the same day, theSEC liftedaccounting rules that prevented banks from providing custody services for cryptoassets, signaling a significant shift in the government’s approach to digital assets.

Key changes in US cryptopolicy

• CBDC Prohibition—Federal agencies are prohibited from developing and implementing a digital dollar due to threats to U.S. financial stability, privacy, and sovereignty.
• Support for the private sector – a new course for the development of digital assets through private initiatives, rather than government regulation.
• Creation of a Digital Asset Working Group – Led by an AI and crypto advisor, the group will develop a new regulatory framework and analyze the possible creation of a government digital asset fund.
• Clear jurisdictional framework – regulators should eliminate discrepancies in the interpretation of laws on digital assets, simplifying the activities of crypto companies.
• Support for stablecoins – recognition of their importance in the US financial system.

Cancellation of SEC requirements: new opportunities for banks

At the same time as the order, the US Securities and Exchange Commission (SEC) issued SAB 122, repealing SAB 121, a rule that effectively prohibited banks from offering crypto custody services. The new policy allows:

• Reduce capital reserves required to store crypto assets.
• Make crypto custodial services profitable and accessible to large banks.
• Increase competition with foreign financial institutions.

Conclusion

The measures taken show the new administration’s determination to change the course of US cryptocurrency policy, making digital assets not just an object of regulation, but also a strategic part of the country’s financial system. For the first time, the state is considering the possibility of storing digital assets in its reserve, which indicates a new level of institutional acceptance of cryptocurrencies.