Trump Likely to Greenlight Crypto Trading and Holding for Banks: Circle CEO

Circle CEO Jeremy Allaire expects President Trump to issue executive orders enabling banks to trade, invest in, and hold cryptocurrencies.

Speaking at the World Economic Forum in Davos, Allaire highlighted the potential for these actions to lower regulatory barriers and expand digital asset adoption. He also advocated repealing the SEC’s Staff Accounting Bulletin 121, which penalizes banks for holding crypto on their balance sheets.

These moves could drive institutional participation and accelerate the growth of the cryptocurrency industry.

Clever Robot News Desk 23^th January 2025