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Reading: Bitcoins and Altcoins are almost in place! Crypto currencies did not give the expected reaction to Trump’s move!
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EdaFace Newsfeed > Latest News > Crypto News > Bitcoins and Altcoins are almost in place! Crypto currencies did not give the expected reaction to Trump’s move!
Crypto News

Bitcoins and Altcoins are almost in place! Crypto currencies did not give the expected reaction to Trump’s move!

vitalclick
Last updated: January 24, 2025 5:20 pm
3 hours ago
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US President Donald TrumpHas taken an important step to reinforce the US leadership in crypto currency and blockchain technologies. Trump made strategic changes in digital financial policies with the presidential decree he signed on Thursday. But this development crypto currency It led to a limited movement in the market.

What do the experts say?Sec with Sab withdrew 121

What do the experts say?

The decree signed by Trump includes two basic innovations. The first is the improvement of existing regulations and Crypto Money Market It foresees the establishment of a working group in order to create a comprehensive framework for. This group will offer its first suggestions within 60 days and a detailed strategy in 180 days.

Donald Trump Crypto Money Decree

Secondly, a national digital asset, in other words, will be evaluated by the possibility of creating crypto currency reserves. However, this issue is still in the research phase. This led to speculation in the market that the US could create strategic Bitcoin reserves.

After the decree Bitcoin (BTC) $105,174.1 He saw the level of 106 thousand dollars for a short time, but quickly fell to 105 thousand dollars. While pointing to this 3 percent movement, Ethereum (ETH) $3,399.4 It gained 6 percent. Altcoins such as Solana (left) and XRP rose by 8 percent and 3 percent, respectively.



BRN Analyst VAlentin Fournier“National reserve rumors have created excitement, but the market wants to see the market application steps,” he said. After developments, a strategic Bitcoin reserve in the USA in Polymarket has fell from 48 percent to 21 percent.

However, some experts are hopeful. Devere Group CEO Nigel GreenHe described Trump’s step as the beginning of a new era in the global financial order. Green, Bitcoin’s limited supply can maintain the US economy and reduce national debt, he said.

Sec with Sab withdrew 121

On the same day US Securities and Stock Exchange Commission (SEC) announced that he had withdrawn the accounting guide criticized for increasing financial burden for crypto money companies. SEC member Hester PeirceIn his sharing on the X platform “Farewell Sab 121! This process was not fun ”.



Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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