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  • 1/14/25: Trump Plans Crypto Executive Orders 📜⚖️🇸🇻

1/14/25: Trump Plans Crypto Executive Orders 📜⚖️🇸🇻

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Top News

  1. Trump to issue crypto executive orders on day one

  2. US court orders SEC to explain Coinbase rule denial

  3. Tether moves to El Salvador following license approval

Specs’ Insights

1. Trump to issue crypto executive orders on day one

⌐◪-◪ → Will the Trump pump continue in Q1?

The Washington Post says the incoming U.S. president is planning to issue executive orders addressing crypto on his first day in office.

While the exact nature of the orders is unknown, speculation suggests they may tackle issues like de-banking and repeal the controversial crypto accounting policy (SAB121). SAB121 forces banks to count crypto as liabilities, effectively discouraging Bitcoin custody.

If reversed, this could allow banks to custody Bitcoin—a massive unlock and Michael Saylor’s third and final catalyst for Bitcoin hitting $5M.

For context, Congress already passed SAB121, but it was vetoed by the current administration. This underscores the importance of having the U.S.’s first-ever pro-crypto president.

Meanwhile, the president-elect is hosting a “Crypto Ball” this Friday ahead of his inauguration. If your heart desires, there’s a $1M/head dining option.

2. US court orders SEC to explain Coinbase rule denial

⌐◪-◪ → Coinbase just keeps winning!

A federal court just ruled that the SEC wasn’t justified in refusing to provide crypto-specific regulations. The court is now demanding the SEC “explain itself” for denying Coinbase’s petition for clarity.

This is a massive win for the industry and highlights just how arbitrary the SEC’s actions have been. Coinbase went out of its way to research and file a petition asking the SEC to clarify what it considers a security, only to be sued for it.

The court’s response says it all: “If that is the reward for trying to comply with the SEC’s likely positions, then why try at all?”

Another highlight: “The SEC repeatedly sues crypto companies for not complying with the law, yet it will not tell them how to comply.”

Arbitrary and capricious.

3. Tether moves to El Salvador following license approval

⌐◪-◪ → Tether is relocating to El Salvador

Tether, a company earning roughly the same profit as Goldman Sachs, is moving its headquarters to pro-crypto El Salvador.

This further cements El Salvador’s role in the crypto revolution, as one of the first nations to adopt Bitcoin as a reserve asset.

For context, El Salvador’s GDP in 2023 was ~$34B, while Tether’s net profit in 2024 was $10B. It’s hard to fathom the impact this could have on the country’s economy.

Meanwhile, President Nayib Bukele is doubling down on Bitcoin, recently committing to install a Bitcoin node in every home. Imagine your ISP setting up your modem + router + Bitcoin node!

While this benefits Bitcoin’s decentralization and resilience, the move to install nodes feels more like narrative-building than practical impact.

The bigger story is Tether’s relocation, which could go down as one of the most overlooked yet significant crypto events of the year.

Everything Else

📈 Market Snapshot

  • Bitcoin → $96,765.90 ▲ 4.73% (24h)

  • Ethereum → $3,209.86 ▲ 5.07% (24h)

  • XRP → $2.59 ▲ 5.14% (24h)

  • BNB → $696.62 ▲ 3.10% (24h)

  • Solana → $188.10 ▲ 5.96% (24h)

⛓️ Crypto & DeFi

🏦 Wall Street & VC

🏛️ Legal & Regulatory

🌎 Rest Of The World

🖼️ NFTs & Metaverse

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