While we expect important steps in the crypto world from
#DonaldTrump , who will take office in the
#US next week, New York Digital Investment Group (NYDIG) stated that some steps may be delayed. The company's research manager said that rapid change has not been made in some areas, but the Bitcoin reserve step can be implemented immediately with a decree.
A demonstration of the cryptocurrency came from financial services company NYDIG days before Donald Trump takes office. The company's global research manager Greg Cipolaro warned those who expect rapid and sudden change in his latest assessment report.
"Some villages may be delayed"
Cipolaro suggested that with Trump's arrival, there are great expectations in the crypto world, some expectations may come true immediately, but it is unreasonable to expect rapid action on every issue:
"There are still no appointments to some important levels, they were examples of names. Even if he is elected, there will be an approval process. They will form their own teams with these names after they are approved. The law that will determine whether the CFTC or the SEC will regulate crypto isolation will not pass immediately. The same applies to the stablecoin law… Of course, immigration laws, geopolitical events and customs duties will be more secretive than the crypto space. This situation will delay some conditions and flows”
“A decree on the Bitcoin reserve can be transmitted”
He explained that the presidential decree could be issued as an executive in a short time, but if it is not permanent:
“One of the possible rapid changes could be related to the Bitcoin accumulation reserve. However, this decree could be removed in the same way by the newly elected ones after 4 years, if they are elected. Therefore, it will not be permanent”
As it will be remembered, Trump promised that the Justice Department would not sell the nearly 200 thousand BTCs it holds.
Trump chose Paul Atkins as SEC chairman, and no election has yet been made for the other important financial regulators, the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC).
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