According to Reuters, Jeremy Allaire, CEO of Circle, predicts that US President Donald Trump will soon issue executive orders that may allow banks to trade cryptocurrencies, offer cryptocurrency investments to high net worth clients, and include them in their investment portfolios. Allaire stated that he hopes to see the repeal of the U.S. Securities and Exchange Commission's (SEC) Employee Accounting Statement 121, which he believes "effectively imposes punitive restrictions on banks, financial institutions, and even businesses holding cryptocurrency assets on their balance sheets. Allaire expects Congress to take renewed action on digital asset regulation, adding, "We expect the committee's work to be very active, almost in the coming weeks In addition, Faryar Shirzad, Chief Policy Officer of Coinbase, said, "We expect the new SEC to take action, which will almost certainly allow banks to enter the custody sector more
