By Kapil Rajyaguru
Trump Issues Crypto Executive Order to Pave U.S. Digital Assets Path.
On January 23, 2025, President Donald Trump made a landmark move by signing an executive order to shape the future of cryptocurrency in the U.S. The order halts the development of a central bank digital currency (CBDC) and mandates a study on creating a national crypto stockpile, potentially including lawfully seized assets like Bitcoin. This CBDC ban could give stablecoins a strategic advantage.
Along with the new crypto order, Trump also signed an executive order to create an AI action plan within 180 days to boost U.S. global AI dominance. The order also initiates the revocation of policies from Biden’s October 2023 AI executive order.
Trump also established a working group to advise on crypto regulations, with a report due in six months. While some Bitcoin advocates are disappointed by the order’s lack of mention of “Bitcoin,” it signals a broader strategy to regulate and protect crypto in the U.S.
SEC Cancels Controversial Crypto Accounting Rule SAB 121.
The Securities and Exchange Commission has canceled a controversial rule that asked financial firms holding crypto to record them as liabilities on their balance sheets.
A new Staff Accounting Bulletin on Jan. 23 said it “rescinds the interpretive guidance” of SAB 121, an agency rule published in March 2022 that the crypto industry has long sought to cancel.
The cancellation of SAB 121 marks the first significant move by the SEC under President Donald Trump and acting chair Mark Uyeda.
Semler Scientific Tumbles After Market Close on $75mn Convertible Note Offering, Earnings.
Semler Scientific shares dropped as much as 15% after the medical devices maker announced its first convertible note offering and fourth-quarter earnings highlights.
The company plans to raise $75 million through the debt sale, with an option for an extra $15 million. The company will use some of the proceeds to increase its bitcoin holdings.
Revenue rose to $12.5 million from $12.1 million, and income from operations rose to $3.7 million from $3.4 million. The unrealized gain from the change in the fair value of Bitcoin holdings was about $29 million.
Blockstream Launches Two Bitcoin Investment Funds.
Blockchain development firm Blockstream launched two Bitcoin-focused funds: Income Fund offers USD-denominated yields via Bitcoin-backed loans ranging from $100K to $5M, while Alpha Fund targets growth through infrastructure revenue like Lightning Network operations. Both funds debut in Q1 2025, expanding institutional exposure to Bitcoin.
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