The executive order might involve the announcement of a new crypto council or the relaxation of banking restrictions on the crypto industry by eliminating relevant U.S. Securities

“Today, I will sign a series of historic executive orders. With these actions, we will begin the complete restoration of America, and the revolution of common sense,” said Trump, who at midday Monday became only the second U.S. president to serve nonconsecutive terms, after Grover Cleveland in the late 1800s.

President-elect Trump may sign a pro-crypto executive order on his first day, targeting debanking and overregulation to boost the cryptocurrency industry.