Donald Trump hasn’t even taken office yet, but reports suggest the President-elect is preparing sweeping crypto-friendly executive orders for day one. Among them: reversing restrictive accounting policies, tackling de-banking, and potentially designating Bitcoin as a national reserve asset. Could this be the “orange candle” moment the market has been waiting for?

Meanwhile, Ethena takes a major step forward by integrating into Spark’s Liquidity Layer, unlocking direct access to up to $1.1 billion in holdings and driving higher yields for DeFi users. Bubblemaps launched $BMT to incentivize community-driven blockchain investigations, and Derive unveiled its $DRV token with staking rewards and governance features, kicking off a new era for on-chain derivatives trading.

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In his first week back in office, President Trump moved quickly to reset U.S. crypto policy, signing an executive order that directed federal agencies to develop a new digital-asset framework, revoke Biden-era restrictions, and consider a national digital-asset stockpile. The White House order also barred federal support for central bank digital currencies and aimed to make banking access easier for crypto businesses, while the SEC separately moved to rescind controversial accounting guidance tied to crypto custody. The newsletter’s claims about a sweeping “day one” crypto agenda appear to reflect that broader pro-crypto shift rather than a single confirmed market-moving event. The most concrete policy changes documented in official and legal summaries are the working group, the rollback of prior guidance, the anti-CBDC stance, and the review of a potential reserve or stockpile structure; reports later described the administration’s move to establish a Strategic Bitcoin Reserve using seized bitcoin, but the original executive-order materials framed this more as an evaluation or stockpile concept than an immediate public reserve policy. That matters because these actions signal a more favorable U.S. regulatory environment for digital assets, with potential implications for exchange access, stablecoins, treasury policy, and broader market sentiment.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• U.S. Crypto Regulation: Key Developments in Trump's First Week (dechert.com)
• Trump Signs Executive Order Outlining Pro-Crypto Policy - Goodwin (goodwinlaw.com)
• President Trump Signs Executive Order to Form Working Group… (fenwick.com)
• Crypto Executive Order: A New Era for Digital Assets (paulhastings.com)
• Strengthening American Leadership in Digital Financial Technology (whitehouse.gov)

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