Circle CEO ‘strongly in favor’ of Trump repealing SAB 121
Jeremy Allaire expects President Trump to issue several crypto-friendly executive orders.
Circle CEO Jeremy Allaire believes US President Donald Trump could soon sign an executive order making it easier for banks to own digital assets.
In an interview with the Reuters Global Markets Forum at the World Economic Forum’s annual meeting in Davos, Switzerland, Allaire said he expects President Trump’s pro-crypto orders to be issued “imminently,” but he didn’t specify when.
Allaire is especially concerned about the Securities and Exchange Commission’s Staff Accounting Bulletin (SAB) 121, a controversial framework that effectively prevents financial institutions from holding crypto on their balance sheets.
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Author: Sam Bourgi
