While #DonaldTrump has 11 days left in his official #US presidency, he expects the promises made in the crypto world to be erased. The villages expected after Trump's ascent to the White House are outlined under 3 headings.
The crypto world expects a lot from Donald Trump, who has been sitting on world-related issues with his statements about Greenland, Mexico and Canada in recent days. Trump's promises before the election have not been forgotten by the industry. While the Bitcoin accumulation reserve is being led, it is expected that Trump will use the decree card for these promises.
He can do it with decrees
The newly elected presidents in the US, in their first jobs and especially in the first 100 days of their duties, can go through some important policy trainings or records carried out by decrees. New presidents can resort to issuing these decrees in order to make a quick start on the policies they promised during the election campaign.
Bitcoin download reserve expected
It was known that Congress was put up for sale after a certain point for purchases to be made regarding Trump's Bitcoin creation reserve. However, use your own power for low amounts. In the crypto world, he thinks that it is sufficient to issue a decree in this direction at the first stage.
In the USA, a bill presented to Congress by Cynthia Lummis, which aims to purchase a total of 1 million BTC within a certain period of time, is currently waiting for approval (or withdrawal).
Reaching 21 billion purchases
In addition, the Bitcoin Policy Institute has prepared a draft decree proposing that Bitcoin be designated as a reserve asset. According to the draft, the US Treasury Department will spend $ 21 billion to create a national Bitcoin reserve within a year. Zack Shapiro, the head of the institute, is known for his insistence on advocating that the US should be ahead of other countries in terms of monetizing Bitcoin.
Update in regulations
There is an easing of regulations between the borders of the crypto world, or in other words, it is also present in itself. During the Biden period, access to cryptocurrencies was made difficult and even some accounts were closed with attempts as “Chokepoint 2.0”. Here are the expectations and places where comfort is experienced in this area.
Crypto Council is being established
Another story in the expectation is the Crypto Council's goal and applications... David Sacks, the person responsible for crypto and artificial intelligence in the White House, is known to have a positive view of cryptocurrencies. Here are the preparations for a Crypto Council run together with Sacks. Studies and even discussions are ongoing for the gathering of these meetings and personal purchase transactions.
Cardano founder Charles Hoskinson had previously stated in a statement that he was preparing for meetings with both Trump and the relevant people.
What did Trump do before?
After winning the election in 2016, Trump took a step regarding banking regulations, even if it was not in the crypto field. Trump, who issued a decree to regulators to review banking analysis in 2017, may do the same for the crypto world.
"It will hold the president"
In a statement regarding Trump's presidential transition team spokesman Brian Hughes, "Washington bureaucracy is a crisis and there is an effort to hinder innovation right now. However, President Trump has stated that there will be consequences for encouraging American brands to cryptonize.
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