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U.S. President Donald Trump signed a presidential order on Thursday to establish US rule in digital assets and financial technology.
The promise of creating a bitcoin stockpiling while submitting partially in the campaign can provide some confusion on whether or not there is a possibility.
The presidential decree promises the clarity of regulations, and some of their changes have already begun to occur.
SEC has developed accounting rules that effectively hinder conventional financial companies or banks as a bitcoin’s custodian.
This week, President Donald Trump has established US rule in the digital asset market and signed a presidential order to make the country a global center. But does the order realize what Trump has accomplished?
One of the promises of Trump for the cryptographic industry was the establishment of “Strategic National Bitcoin Stockpile”. The cryptographic industry is generally excited about ordering an order to provide legal protection and promising to improve the clarity of regulations, but some people are from a clear establishment of national bitcoin stockpiling. I’m worried about pivot.
Bitcoin (btcusd) After the announcement on Thursday, it was sold slightly, but it recovered and was traded nearly $ 105,000 on the second half of Friday.
The Presidential Order has established a working group to provide the clarity of regulations on many issues, such as “potential creation and maintenance of national digital asset stockpiling.”
This phrasing causes confusion. First, the Presidential Order simply discusses the “potential” stockpiling. Second, the Presidential Ordinance’s language is not unique to bitcoin, but instead the “digital assets” stockpile.
In addition, instead of trading cryptocurrencies as the government does for strategic oil protection, it also mentions the possibility that this stockpiled may be derived from existing governments accumulated from various execution measures. I am doing it.
“Stockpile means holding what they have, but it is a jargon that means that it is not necessarily buying anything.” Galaxy Digital Head of Research Alex Thorn posted to X. 。 Bitcoin, not alternative digital assets.
Others are worried that the way to create bitcoin stockpiling may not be completely hurdle -free.
“As we have said, we need a” true “(strategic bitcoin reserve) law, but it doesn’t pass,” said Nick Carter, a partner of Castle Island Venture. I did.
The story will continue