Circle CEO Jeremy Allaire expects U.S. executive orders "imminently" from President Donald Trump, which he said could allow banks to trade crypto, offer crypto investments to wealthy clients and hold it in portfolios.

Circle CEO Jeremy Allaire expects Trump’s executive order to ease crypto regulations for banks, despite concerns over SEC’s SAB 121 rule.

Circle CEO Jeremy Allaire believes US President Donald Trump could soon sign an executive order making it easier for banks to own digital assets. In an interview with the Reuters Global Markets Forum at the World Economic Forum’s annual meeting in Davos,

Circle CEO Jeremy Allaire is predicting that US executive orders from newly inaugurated President Donald Trump could be issued “imminently,” potentially opening the door for banks to engage in cryptocurrency trading,