Trump wants to make crypto priority with an executive order
Trump wants to make crypto priority with an executive order
- The elected President Donald Trump could sign the implementing regulations on January 20 after his swearing-in
- By arrangement, a crypto advisory board can also be set up
- People confidored with the matter said that the arrangement was not final and could change before it was published
Citing people familiar with the matter enables the order of industry insiders to cooperate with official supervisory authorities. According to reports, a crypto advisory board could also be set up Bloomberg .
an earlier report by Post suggests that Trump will probably sign implementation regulations on the first day of his presidency that concentrate on crypto-de-banking and the cancellation of crypto accounting guidelines, the banks that hold digital assets to count them as liabilities.
Trump, who will be introduced to his office on January 20, enjoys strong support from the crypto industry. During his election campaign, he promised to make the USA the “crypto capital” in the world, and received a Bitcoin donation of $ 2 million from Cameron and Tyler Winklevoss and an Ethereum donation of $ 1 million from Jesse Powell, the co-founder of Kraken.
Since winning the US elections in November, the cryptom market has recovered and Bitcoin has reached a new all-time high of over $ 108,000.
Trump also selected several Pro crypto candidates in his new government, including the crypto-tsars David Sacks, Bo Hines as managing director of the Presidential Council of Advisers for Digital Assets and Paul Atkins as the next chairman of the US exchange supervision Sec.
At the beginning of this week, republican commissioners of the SEC stated that they would revise the authority's crypto guidelines, while Trump is preparing for the move into the White House next week.
American technology promoted
Despite the regulatory hurdles, the cryptom market under the government of President Joe Biden also recorded positive growth.
In early 2024,
the first US Spot Exchange Traded Funds (ETFs) approved the market. Accordingly, the Ibit Bitcoin ETF from Blackrock currently comprises more than 559,000 bitcoin worth $ 56.2 billion $ Ishares-daten .
With the new government, Trump endeavors to push American technology companies to the top.
also said Kara Calvert, Vice President of US politics at Coinbase Global: "I think Donald Trump will signal that the United States are back and that we are willing to take on a leadership role in this industry." It signals to other countries to be careful, otherwise you will not come with you. ”
At the time of publication, Bitcoin is again in the range of $ 100,000 and is traded at around $ 102,000.
Source: Coinlist.me