8 hours agoDonald Trump signals his support for cryptomonedhat
Periskopi(a year ago)
(a year ago)President Donald Trump says he wants to make the United States the world's capital of cryptoids. As correspondent Michelle Quinn announces, Mr. Trump is implementing his plan to launch the second presidential mandate. Since the first weeks of office, President Donald Trump took concrete steps to fulfill his election promises [...]
Since the first weeks of office, President Donald Trump took concrete steps to fulfil his election promises regarding cryptomonedes. He appointed a director for cryptomonedhat and has appointed regulators who support the industry.
He extracted his coin and signed an executive order for cryptomonedes.
This is the executive order for cryptomonedhat. We will set up an internal working group to make America the world capital of cryptoids, under your leadership”, said David Sacks, chairman of the White House for cryptomoneds.
Mr. Trump had wondered about the cryptomoneds during his first term. But he seemed to change his mind during the 2024 presidential campaign. The cryptoid firms contributed significantly to Mr. Trump's presidential campaign.
Supporters of the crypto notes welcomed the first measures taken by Mr. Trump as a change from what they considered to be the hostile approach of President Joe Biden's administration.
“The executive order and his comments, I think, were very much in line with what the cryptade supporters asked for, with what they wanted”, says Ben McMillan of the IDX Advisors company.
According to the executive order, a working group should consider the possibility of creating a national stock of digital assets by the federal government's sequentised crypts.
Also, the order allows cryptoid firms to access banking services. So far, these companies had complained that banks had refused to have accounts.
But some critics worry that the violation of protective mechanisms between the banking industry and the salt currency world carries risks.
This has been a major target of the cryptocle industry, and it's something that we need to take a close look at because of the risk of damage from crypto-dollar markets, a very unstable geox1> market, says Molly White, critical of crypto-dollars.
The working group near the White House is expected to recommend regulatory measures.
The “would be really valuable, if we had clear regulations, but even equal rights, to not only support digital currency entrepreneurs, but also to consider the need to protect consumers and investors”, Ravi Sarathy of Northeastern University says.
Over the coming months, President Trump is expected to announce other mechanisms regarding his plan for cryptomonedhat. / VOA
