US President Donald Trump has been making statements in Davos for about an hour. Making important statements, Trump also mentioned cryptocurrencies a few seconds ago. Last year, the law regarding stablecoins called GENIUS was completed with Trump’s incentives. There will be more now.
Cryptocurrencies Last Minute
Congress as of January cryptocurrency started working on the law that aims to bring clarity to the markets. Today, Trump’s crypto czar said in a statement that banks will quickly get involved in cryptocurrencies after the new law. Now Trump is talking about signing the cryptocurrency law soon.
“Cryptocurrency is politically popular and we must prevent China’s dominance. I hope to sign the bill on cryptocurrency soon. Congress is working on legislation to regulate the cryptocurrency market structure.”
Bessent said it would be announced next week, and Trump now says he will announce the new Fed Chairman soon. BTC price approached 90 thousand dollars with Trump’s cryptocurrency announcement and may exceed it soon.
