King crypto currency While the unit was in 95 thousand dollars yesterday, now he did the new daily bottom in 81,500 dollars. The Ukrainian President announced his intention to sit again in his previous statement. But ETH decreases to the base of $ 2,000, while the subcoins make deeper bottoms. But the US crypto currency reserve plans are not convincing at all, but can not prevent such big decreases?
US Crypto Money Reserve
Trump made a big announcement on Sunday and XRP, left, ISLANDAnnounced that they will take action for a BTC -based reserve, including ETH. BTC and Altcoins began to rise quickly. The island increased by 70 percent in a single day, but it returned to the place it started today. For crypto currency investors, this is almost like a nightmare.
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4 in 4 states BTC The reserve law was rejected. Moreover, there are Republicans among those who made a rejection decision. Now in the midst of the allegations that Trump Coin and the US president have opened a bribe channel Federal Crypto Money Reserve The steps that should be for.
- On Friday, we will see the details about the reserve law (at best).
- This law will be approved by the House of Representatives.
- The House of Representatives will approve the law.
- The Senate Sub -Committee will approve the law.
- The Senate will approve the law.
- Trump will sign the law.
Even though the Republicans in the Senate and the House of Representatives are the majority, they do not think the same as Trump about crypto currencies. In other words, Trump must first convince his party to support this law without a company.
Crypto Money Reserve and Doubts
Trump is a federal bitcoin last summer 
$83,958.40 He campaign to create stock and appointed the initiative capital David Sacks as a crypto tsar. We have a Bitcoin law design proposed by Wyoming Republican Senator Cynthia Lummis. 90 billion dollars in 5 years BTC The draft who wanted to purchase could not get great support from the Republicans.
Financier and Trump Joe Lonsdale, one of the famous supporters, finds it wrong to benefit from US citizens’ taxes for crypto currency plans. Eswar Prasad, an economist at the University of Cornell, says:
“This idea has no strategic or logical side. This is absolutely great for existing Bitcoin investors and will also be a bad agreement for taxpayers. ”
The extreme markets do not believe that the Republican wing will be clamped in the idea of crypto currency reserve until the midterm elections that remain less than 2 years. Can Trump find other ways and remove this reserve without the approval of the Assembly? Perhaps US -based companies donate millions of dollars of tokens with the intent of advertising for government reserve? So why should the markets believe in a definite reserve story while the research process for the reserve continues? Moreover, the global trade war, prolonged Russian war, adhesive inflation, delayed interest cuts, while the environment is getting worse every day?
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.
