Donald TrumpHe signaled that he would make important regulations for cryptocurrencies upon taking office as president. Industry representatives now expect Trump to fulfill the promises he made during the campaign. Especially Bitcoin $93,505.3The steps Trump will take in his first 100 days to make (BTC) more widely accepted in the mainstream are eagerly awaited.
Discussions on Bitcoin Reserve and Banking Access
Trump’s possible regulations include defining Bitcoin as a strategic reserve. In this context, the Ministry of Treasury’s purchase of $21 billion worth of Bitcoin may come to the fore. Economist Zack Shapiroargues that this move could make the United States a leader in the cryptocurrency field. However, it is a matter of debate whether Trump can decide on such a step alone. It remains unclear whether Congress will be involved in this process.
Banking access is also a prominent issue. Trump promised to make it easier for cryptocurrency companies to access banking services. However, experts state that such a regulation may not be effective immediately.
banking systemRather than a radical transformation in the market, Trump’s words are thought to be a political message for the markets. Analysts state that if initiatives in this direction are successful, revolutionary developments may occur in the sector.
All Eyes Will Be Broken on the Cryptocurrency Council
The Trump administration plans to establish a council for the cryptocurrency industry. The aim of the council is to make the voices of sector representatives heard and to take sector dynamics into account in legal regulations. Although previous administrations have created similar structures, it is not yet clear what function Trump will give to this council. Despite various criticisms, this initiative has created excitement in the industry.
In addition, existing regulations cryptocurrency marketIt is expected to be adapted to the needs of the Industry representatives frequently state that the current legal framework needs to be renewed. It seems likely that Trump will take steps similar to the reforms he has previously taken in the banking system.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
