On Trump’s first day in office, the administration plans to issue executive orders with a focus on digital assets and blockchain technology.
These orders, which were formulated with input from technology sector leader Marc Andreessen and incoming Secretary of State for Artificial Intelligence and Cryptocurrencies David Sacks, represent a significant shift in US cryptocurrency policy.
Andreessen, co-founder of venture capital firm Andreesen Horowitz, played a pivotal role in shaping Trump’s technology and cryptocurrency agenda, having participated in a key meeting at the president’s golf club last summer.
Sacks, who works closely with Andreessen, is also contributing to the administration’s efforts by drafting a directive to revise accounting standards for digital assets and establish a legal framework for cryptocurrency companies operating in the US.