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Donald Trump, returning to the U.S. presidency on Jan. 20, is set to enact executive orders that could significantly impact the cryptocurrency sector.

Reports suggest that these orders will address key issues like crypto de-banking and the controversial policy of treating digital assets as liabilities by banks.

According to The Washington Post, Trump’s administration has prioritized these changes, aiming to reverse policies perceived as detrimental by the crypto industry under the Biden administration.

The crypto community has criticized what they term "Operation ChokePoint 2.0," accusing the previous administration of limiting the sector's financial access.

One of the focal points of these executive orders is expected to be the revocation of the SEC's Staff Accounting Bulletin 121 (SAB 121) from March 2022.

This policy mandates banks to list their cryptocurrency holdings as liabilities, a regulation seen as a barrier to the growth of digital currencies.

On Dec. 20, Trump’s crypto and AI advisor, David Sack, held a strategic luncheon with tech leaders, signaling a shift in policy direction. Sack has expressed intentions to also repeal Biden’s 2023 executive order on AI, which focused on equity in AI, a move that has drawn ire from conservative circles.

Venture capitalist Marc Andreessen has been instrumental in shaping Trump's tech policy, including cryptocurrency. Known for his advocacy in tech innovation, Andreessen has been involved in selecting candidates for critical positions in Trump's administration, emphasizing technology, defense, and intelligence roles.

Trump’s campaign included promises to position the U.S. as a leader in the crypto space, with plans for a Bitcoin strategic reserve and a more permissive regulatory environment.

Reports from Reuters in December highlighted the crypto industry's push for Trump to act swiftly on his promises, with expectations of executive orders possibly on Inauguration Day itself.

With these anticipated policy shifts, Trump's return could herald a new era for cryptocurrency in the U.S., potentially leading to a more favorable regulatory climate and encouraging further innovation and investment in the sector.

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