Donald Trump, the president-elect of the United States, is preparing to undertake an important initiative to reform the country’s stance on cryptocurrencies. Reports indicate that he is planning to sign on Executive order After taking office on January 20. The goal is to prioritize digital assets on a national scale.
Shift towards innovation
This is a radical shift from the previous administration’s stance, which was often described as hesitant or restrictive toward the cryptocurrency industry. Trump administration They have shown interest in cryptocurrencies, which is a sign of their willingness to embrace innovation in financial technologies. This could serve as a starting point for more specific regulations and increased cooperation between the government and the cryptocurrency sector.
Cryptographic Policy Council
Discussions and proposals include developing a dedicated body that will defend solely the interests of cryptocurrencies. Ideally, this organization would link the world of regulators with the views of market participants, ensuring that these policies are evenly balanced and provide support for economic growth. By doing all this, the management is trying to create an ecosystem that is not hostile to companies, as well as investors.
President-elect Donald Trump plans to issue an executive order to elevate cryptocurrencies as a policy priority and give industry insiders a voice within his administration, according to people familiar with the plans.
– Stars and Stripes (@starsandstripes) January 17, 2025
BTCUSD trading at $101,432 on the daily chart: TradingView.com
the signature
Sources say Trump may sign the order on January 20, the first day of his leadership. It could also put an end to all the crypto issues that are still ongoing and require all government groups to rethink their stance on cryptocurrencies.
Market reactions and Bitcoin reserves
Most market reactions have been very positive regarding the latest developments. Even after the news spread, the price of Bitcoin rose to $102,000, proving that investors are gradually becoming optimistic about the future of cryptocurrencies under the new government. Analysts believe that this may continue as information comes in about Trump’s plans.
US government's total bitcoin holdings. Source: Arkham Intelligence
There are also proposals to create a national bitcoin reserve. The fact that the US government is over $20 billion in cryptocurrency assets seized It could be evidence of its desire to use digital assets in the long term.
A promising future for cryptocurrencies
The United States will have a great opportunity to establish itself as a global leader in the field of cryptocurrencies thanks to Trump’s plan. The government can make the most of digital assets by promoting new ideas, simplifying rules, and attracting investment.
Featured image of the Chairman of the Joint Chiefs of Staff, chart from TradingView
