Golden Finance reported that Circle CEO Jeremy Allaire said in an interview at the World Economic Forum Annual Meeting in Davos, Switzerland that U.S. President Trump may soon sign an executive order to make it easier for banks to own digital assets. He expected Trump’s pro-cryptocurrency order to be issued soon but did not specify when. Allaire is particularly concerned about the U.S. SEC’s Staff Accounting Bulletin (SAB 121), a controversial framework that prevents financial institutions from holding cryptocurrencies on their balance sheets. Although Congress voted to overturn SAB 121, the resolution was later vetoed by Biden. Biden said at the time, “My administration will not support measures that endanger the well-being of consumers and investors.” Allaire and other cryptocurrency executives believe that SAB121 is not designed to protect investors but to hinder the adoption of new technologies. SAB 121 “effectively imposes penalties on banks, financial institutions and companies, even banning them from holding crypto assets on their balance sheets,” Allaire said, adding: “I think in terms of (the executive order), it’s Something to keep an eye on.”