The Donald Trump administration has announced important steps to strengthen the US leadership in crypto currency. Strategic Bitcoin at the crypto currency summit organized by the White House $89,294.82 It was announced that the reserve will be created and the existing regulations will be restructured. It is stated that the beings seized by the treasury will be included in this reserve, while the net rules to reduce the uncertainty in the crypto currency market is planned.
Strategic Bitcoin Reserve and Editing Reforms
The US Treasury official Scott Bessent announced that the Trump administration will include seized assets in the strategic Bitcoin reserve. The reserve aims to strengthen the country’s position in global competition and to support innovative initiatives in the financial system. The budget balanced plans prepared jointly with Trade Minister Howard Lutnick are expected to actively participate in the crypto currency market.
It is claimed that the strict policies of previous administrations for the crypto currency sector prevent economic innovations. With new regulations, the Tax Office and Finance Supervision Office are aimed to work more compatible with the sector. Bessent, “Our aim is to build a sustainable financial future for the American people,” he said.
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Federal Frame for Stablecoins
At the summit, it was emphasized that a federal framework for the regulation of stablecoins will be established. The renewal of the current legislation and the determination of rules that will maintain the global reserve money status of the US dollar are among the priority targets. Trump said he expects the Congress to approve legal regulations before the August holiday.
Coinbase CEO Brian Armstrong and Microstrategy of Michael Saylor, such as sector leaders, said regulatory clarity will increase investor confidence. The federal frame is expected to facilitate the integration of stablecoins with dollar. Bessent said, ız We will benefit from technology to support the global role of the dollar ”.
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.
