President Donald Trump has signed a decree that upsets the American approach to the crypto. This text marks a break by excluding two major players, the Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC), regulatory discussions.
A working group without the Fed or the FDIC
On January 23, 2025, Donald Trump signed his first presidential decree from the crypto industry from the oval office. Accompanied by David Sacks, his new “Tsar of artificial intelligence and crypto”, the president unveiled a series of measures aimed at strengthening American leadership in the sector.
This decree Establish a working group chaired by David Sacks, responsible for “making America the world capital of the crypto”. Crucial point: the Federal Reserve (Fed) and the Federal Deposit Insurance Corporation (FDIC) are explicitly excluded from this initiative.
The composition of the group reflects this new approach, including the Secretary of the Treasury, the Attorney General, the Presidents of the SEC and the CFTC, as well as other members of the Trump cabinet. Their mission is twofold: studying the creation of a national cryptocurrency reserve and developing a regulatory framework for stablecoins.
“The Fed and the FDIC, which have tried to take over our sector, are finally kept away“, Rejoices Caitlin Long, CEO of Custodia Bank. This exclusion marks the end of the »Operation ChokePoint 2.0”, an unofficial policy that had restricted access by Crypto companies to traditional banking services.
Towards a new era for stablecoins and crypto regulation
One of the flagship measures of the decree signed by Donald Trump is the exclusion of the Federal Reserve (Fed) of the development of policies on stablecoins. This responsibility is now going back to Scott Bessent, the next Treasury Secretary, chosen by Trump for his expertise in the financial markets.
This choice aims to centralize strategic decisions and release stablecoins from the constraints imposed by the Fed, thus strengthening the attractiveness of the United States as Hub Crypto.
This strategy was praised by influential figures like Marc Andreessen, co -founder of Andreessen Horowitz, who believes that it could repair the damage caused by previous policies, in particular the debancarization of more than 30 Crypto entrepreneurs.
Caitlin Long, CEO of Custodia Bank, also applauded this decision:
“” The Fed and the FDIC tried to destroy our sector by debancizing Crypto companies. Their exclusion marks a turning point. »»
In parallel, the Securities and Exchange Commission (SEC) repealed the controversial rule SAB 121, which forced banks to register cryptos as liabilities, thus slowing down their adoption. It introduced the SAB 122 instead, offering banks increased flexibility to keep digital assets, a widely hailed advance by industry.
In short, these reforms, combined with the creation of a working group dedicated to digital assets, demonstrate the American desire to resume leadership in the crypto sector. By dismissing the institutions that brake innovation, the Trump administration opens the way to a new era for crypto industry in the United States.
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