A digital asset
investment fund
Viska is an alternative investment fund based in Iceland that invests in digital assets.
Viska is an alternative investment fund based in Iceland that invests in digital assets.
Trump’s Early Actions Signal Strong Support for Digital Assets
In the initial weeks of President Donald Trump's second term, his administration has launched several initiatives that reinforce its commitment to fostering the growth and adoption of digital assets in the U.S. These developments are set to positively impact the broader crypto industry.
Executive Orders Advancing Digital Assets
The above-mentioned executive order outlaws the usage of CBDC´s within the United States.
The U.S. government holds the most Bitcoin when compared with other countries
According to Glassnode via X, ´´circulating supply of stablecoins has increased by $16.97B since the start of 2025, rising from ~$194.2B to ~$211.2B.´´ (Data from 11.2.25)
In a bipartisan effort, Senators Bill Hagerty, Tim Scott, Cynthia Lummis, and Kirsten Gillibrand introduced legislation to establish a regulatory framework for stablecoins. The proposed framework aims to provide clarity and consumer protection, which could enhance the credibility and adoption of stablecoins in the financial system.
Senator Bill Hagerty via X announced the introduction of the ´´GENIUS ACT´´ on 4.2.24, a bill working towards establishing regulatory clarity for stablecoins.
A hearing was held yesterday (11.2.25) to discuss stablecoins, further demonstrating the swift effort towards providing better clarity on the matter.
Formation of a Cryptocurrency Task Force
On Trump's second day in office, he appointed Mark Uyeda as the Interim Chairman of the SEC, who immediately announced the creation of the crypto task force. This task force is chaired by Special Advisor for AI and Crypto, David Sacks, and includes leaders from the Treasury, Justice Department, and SEC.
Mark Uyeda is the newly appointed interim chairman of the SEC, Paul Atkins will replace him at a later date.
The group has been tasked with the reviewal of all current crypto regulations, developing new guidelines, and evaluating the possibility of creating a national digital asset stockpile, including a potential Bitcoin reserve.
The administration has set an ambitious timeline, with the crypto task force expected to propose a comprehensive federal regulatory framework for digital assets within 180 days. This positions November 2025 as a potential milestone for the introduction of new regulations aimed at fostering innovation while ensuring consumer protection and financial stability.
The announcement was made via the SEC website confirming that a new crypto focused task force would be created.
You can learn more about the newly established crypto task force here, where we give an in-depth breakdown on the members of the group as well.
The SEC repeals SAB 121
The repeal of SAB 121 marks a significant shift in crypto regulation, removing the requirement for companies to record client-held digital assets and related liabilities on their balance sheets. This change reduces regulatory burdens, making it easier for financial institutions to offer crypto custody services without impacting their capital requirements. As a result, it’s expected to accelerate traditional finance's adoption of digital assets and foster greater innovation in the crypto space.
On the 23rd of January, the SEC announced a Staff Accounting Bulletin titled (SAB) 122, which repealed SAB121.
A more in depth overview is given in our recent article on the repeal of SAB-121, you can read further here.
All of these actions by the current administration show just how committed it is to creating a favorable environment for the crypto industry, promoting innovation, and ensuring the United States remains at the forefront of digital financial technology.
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