The cryptocurrency industry has been under frequent scrutiny during Joseph Biden’s presidency, so this provision would represent a major change.

US President-elect Donald Trump plans to issue an executive order that defines cryptocurrencies as a national priority for America and will allow industry insiders to express their views within the presidential administration, Bloomberg writes, citing anonymous sources.

• It is a strategic formulation that aims to direct US government agencies to work with the cryptocurrency industry – the sources say.

Trump also plans to form an advisory council on cryptocurrency that will advocate for the industry’s priorities.

The order could include a directive for all government agencies to review their policies on digital assets and possibly pause all litigation involving cryptocurrencies, the sources said.

The creation of a national bitcoin reserve that would include existing government holdings of the world’s largest cryptocurrency is also being considered.

According to analytics firm Arkham, the US government currently holds nearly $20 billion worth of bitcoin, seized as part of various investigations.

The cryptocurrency industry has come under frequent scrutiny during the presidency of Joseph Biden, so this provision would represent a major change.