US President Donald Trumpis preparing a regulation that will make cryptocurrencies a national priority. According to Bloomberg, citing sources, the regulation aims to increase the state’s cooperation with the cryptocurrency industry.
Trump with regulation cryptocurrency It aims to establish a “Crypto Advisory Council” where leading names from the world will have a say in the management. The council will be shaped with the direct participation of sector representatives. From Blockchain Association Ron Hammondstated that the names to take part in this council will be determined by the companies.
Other Cryptocurrency Steps on Trump’s Agenda
According to the Washington Post, among the regulations Trump will issue: US Securities and Exchange CommissionThere is also the cancellation of SAB 121, the controversial instruction of (SEC) on cryptocurrency accounting. This step is expected to create a more transparent environment in the sector.
He also welcomes Trump’s idea of creating a “strategic reserve” that prioritizes US-based cryptocurrencies. According to the New York Post, in this reserve USDC, LEFT And XRP It is planned to include US-based cryptocurrencies such as. Behind this move is the aim of making the USA the leader of the cryptocurrency market.
Cryptocurrency Reserves Proposal from States
After Trump was elected president, many states started using Bitcoin 
$99,128.5 He submitted legislative proposals to create the reserve. Texas, pennsylvania, Ohio And OklahomaRepresentatives from offered to establish Bitcoin reserves in their states. These developments are accelerating the formation of the Trump administration’s positive attitude towards cryptocurrencies.
Trump’s presidency will begin with events organized by cryptocurrency organizations. BTC Inc. and Stand With Crypto will be holding a “Crypto Ball” today in Washington, DC. All these events aim to strengthen the relationship between the cryptocurrency industry and the management.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
