Since taking office on January 20, President Donald Trump has signed two crypto executive orders: one establishing a crypto task force to develop regulations and another establishing a strategic Bitcoin reserve and digital asset inventory. The president may be warming his pen to a third now.
According to a report on Monday, March 10, citing White House officials. This is not the first time such a move has been reportedly considered. In January 2025, The Washington Post suggested that the president would attempt to address crypto revocations through an executive order as soon as he took office, citing precedence. However, this did not come to fruition.
The latest report suggests that one provision of the executive order would push crypto banks to obtain Fed master accounts. These accounts are essential to the ability of banks to serve customers nationwide on a national basis, as they can access Fed services such as settlements and electronic transfers. However, prominent crypto banks that prefer custody have long fought to ensure that these accounts are denied.
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According to a report on Monday, March 10, citing White House officials. This is not the first time such a move has been reportedly considered. In January 2025, The Washington Post suggested that the president would attempt to address crypto revocations through an executive order as soon as he took office, citing precedence. However, this did not come to fruition.
The latest report suggests that one provision of the executive order would push crypto banks to obtain Fed master accounts. These accounts are essential to the ability of banks to serve customers nationwide on a national basis, as they can access Fed services such as settlements and electronic transfers. However, prominent crypto banks that prefer custody have long fought to ensure that these accounts are denied.
BTCUSD BTCUSD BTCUSD BTCUSDT.P 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.