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.

Jeremy Allaire, the CEO of Circle, is hopeful that US President Donald Trump will soon make an executive order to make it easier for banks to engage in digital asset custody. In an interview at the Reuters Global Markets Forum at the World Economic Forum in Davos,

Circle CEO Jeremy Allaire expects President Trump to issue executive orders repealing SEC rule SAB 121, which currently prevents banks from holding cryptocurrency on their balance sheets.