President Donald Trump has signed a very expected presidential order late Thursday, submits the potential regulations of the sector, and established a working group on digital assets that are responsible for evaluating the stockpiling of national cryptocurrency. 。
This instruction began with the establishment of a strategic national bitcoin reserve, fulfilling the promises of the campaign’s trajectory, and the president and his family deepen their personal financial interests in the cryptographic industry. Because it is.
The White House “provides a framework based on the clarity of regulations and the regulations of the regulations, a clear -specific, transparent decision -built, and a clearly defined defined regulation boundary. He said that he was aiming to do “.
This group, led by special AI and Crypto special advisors, has 30 days to identify all regulations, guidance documents, orders, and other items that affect digital asset sector.
Within 60 days, almost 12 federal agencies need to submit the promotion of regulatory authorities to the chair. By the 180 -day mark, the working group must submit a report to the president in policy proposals, such as potential creation and maintenance of national digital asset stockpiling.
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The process is expected to support the mainstream of the United States, as organizations from replacement platforms to conventional financial institutions have long been waiting for more clear regulations on rapid growth industries.
Bank of America (BAC) CEO Brian Moinihan Han states that if a new rule develops new rules in the World Economic Forum in Davos, Switzerland on Tuesday, the bank industry will be an aggressive player in providing cipher payments. I did it. Moinihan has added that the second largest US Bank for each asset is ready to enter the scene when the time comes.
In Davos’s panel, Coin Base (Coin) CEO Brian Armstrong said that Congress law would bring new investment in cryptocurrencies. Binance’s CEO, Richard Ten, has repeated these emotions and predicted that the “far more clear regulations” from the Trump administration will reach the newest this year.
Bitcoin, the largest cryptocurrency, rose almost 4 % on Friday morning and was evaluated as $ 105,423, respectively.
Other important parts of the order included the role -back of the presidential order of the Biden era, which encouraged the government to investigate and develop the central bank digital currency. Last year, Trump pledged to prohibit the development of such digital assets to protect Americans from government -tailored politics.
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