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Full support for cryptocurrencies
Recently, Bitcoin Magazine CEO David Bailey revealed on social media platform X that he had a conversation with US President Donald Trump, in which Trump expressed strong support for the cryptocurrency industry.
In the post, Bailey wrote that Trump made it clear that he would “recommended 100% of the cryptocurrency industry” and promised that he would “will take Bitcoin to new heights.”This statement has aroused widespread attention and heated discussion in the cryptocurrency community. Many people believe that this marks a major change in Trump’s attitude towards cryptocurrencies.
Bailey also thanked Trump for fulfilling his commitment to the crypto industry in the post.While it is unclear what specific commitments Trump has made and what measures will be taken to support the cryptocurrency industry, the news undoubtedly injects a shot in the cryptocurrency market.
Analysts believe that Trump’s statement may have a positive impact on US cryptocurrency regulatory policies.
At present, the overall U.S. government’s attitude towards cryptocurrency regulation is unclear, and there are differences between institutions, which to a certain extent restricts the development of the cryptocurrency industry.If Trump can fulfill his promise and promote the introduction of more friendly and clear regulatory policies, it will create a more favorable development environment for the cryptocurrency industry.
However, some people are cautious about Trump’s statement, believing that Trump’s remarks may only be to attract voter support, and it remains to be seen whether he will take practical actions to support the cryptocurrency industry in the end.
In any case, Trump’s statement undoubtedly brings new hope and opportunities to the cryptocurrency industry.In the future, as regulatory policies gradually become clearer and the market environment continues to improve, cryptocurrencies such as Bitcoin are expected to usher in broader development space.
Cryptomatic executive order
Recently, Trump also signed the Executive Order to Strengthen U.S. Leadership in the Field of Digital Financial Technology.
The executive order elaborates on purpose and policy, pointing out that “the digital asset industry plays a key role in the innovation and economic development of the United States, and is also related to the international leadership of the United States. Therefore, the policy of this administration is to support digital assets and blocks.Responsible growth and application of chain technology and related technologies in all areas of the economy.”
The key contents of the executive order include:
First, the ability to protect and promote the legal access and use of open public blockchain networks by citizens and private sector entities, including the ability to develop and deploy software, the ability to participate in mining and verification, and transactions with others without illegal scrutiny.and the ability to maintain self-custody of digital assets.
Second, promote the legal and compliant US dollar to support the development of stablecoins globally.
Third, protect and promote the equitable and open access to banking services by all law-abiding citizens and private sector entities.
Finally, provide regulatory clarity and certainty based on the principle of technology neutrality, and build a framework that adapts to emerging technologies, transparent decision-making processes and clear boundaries of regulatory authority.
Meanwhile, the U.S. Securities and Exchange Commission (SEC) announced the withdrawal of the crypto industry’s much-maligned Employee Accounting Notice No. 121 (SAB 121).
Although it is not clear whether the U.S. president will be rejected by the court through executive orders, Trump has fulfilled his many promises at the Bitcoin conference in July last year, and is expected to almost completely subvert previous ones.Encrypted regulatory model.
Written at the end
It can be said that this statement by US President Trump has attracted widespread attention in the cryptocurrency community. Analysts believe that this may have a positive impact on the US cryptocurrency regulatory policy.
At the same time, Trump signed the Executive Order to Strengthen U.S. Leadership in the Field of Digital Financial Technology, emphasizing the ability of citizens and the private sector to legally use blockchain technology, promote a compliant dollar to support the development of stablecoins, and provideA clear regulatory framework.
Although some are cautious about Trump’s statement, this undoubtedly brings new hope to the cryptocurrency industry.As regulatory policies gradually become clear, cryptocurrencies such as Bitcoin are expected to usher in broader development space.
