Tonight is exciting for cryptocurrency investors and Trump is taking the expected steps. Despite this, BTC fell to 103 thousand dollars. This drop is meaningless and overnight Bitcoin $101,713.0 If we have experienced an increase caused by those who believe that the reserve will be created and it is falling because of this, this is much more meaningless. So what’s going on?
Trump and Cryptocurrency Executive Orders
cryptocurrency The first thing that investors expected was that the assets held by the government would not be directed to further sales. We know very well what concerns about the sale of Silkroad assets cause the markets. This will not happen. With the executive order signed by Trump, a President’s Working Group on Digital Asset Markets was established to make regulatory and legal recommendations.
So what does this working group do? The Working Group will evaluate the potential for establishing and maintaining a national crypto-asset reserve and recommend criteria for the establishment of such a reserve, potentially derived from cryptocurrencies lawfully seized by the Federal Government.
blockchain and to “protect and promote the ability to access and use crypto services without coercion.” It is aimed to protect US interests by encouraging the growth of stablecoins (dollar indexed).
“Executive Order: The Secretary of the Treasury is directed to immediately rescind the Treasury Department’s “International Engagement Framework for Digital Assets” issued on July 7, 2022.”
This decree is very inclusive for cryptocurrencies and is the kind of thing that will make everyone in the government do what they need to do. The oppressive environment brought by the Biden administration is ending and the oppressive rules brought by the Biden administration are being canceled. Trump orders their replacement with clear, transparent, supportive rules. Cryptocurrencies have not yet been able to reflect the seriousness of this on the chart, but we should see its pricing, albeit with a delay.
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.
