President Trump's speech once again affirmed his openness to engaging in cryptocurrency policy is crucial to making the U.S. a global cryptocurrency powerhouse.
The U.S. government wants to lead in Bitcoin
Donald Trump, the new U.S. president, made a goodwill speech at the cryptocurrency policy summit in Washington organized by the Blockchain Association.
In his speech, Trump reaffirmed the U.S. government's support for cryptocurrency, assuring blockchain enthusiasts that the U.S. intends to keep "our business in the U.S., rather than China or anywhere else" when referring to bitcoin.
The policy summit attracted participation from both chambers of the U.S. Congress along with dozens of leaders in the cryptocurrency industry, including a16z, Coinbase, Consensys, Grayscale, Messari, Ripple, Uniswap, IoTeX, and Filecoin with discussions on the process of building industry rules and regulations.
Larry Pang, head of the Iotex ecosystem, stated, "The next 100 days are crucial for legislation in the U.S. cryptocurrency industry. The decentralized physical infrastructure network has been listed as a legislative priority along with stablecoin, defi, and staking."
Dritan Nesho's presentation, CEO of Harrisxdata, highlighted voter reactions in the most recent U.S. election regarding Donald Trump's and Kamala Harris's stance on digital assets.
"7 out of 10 cryptocurrency investors have considered candidates' digital policy when choosing who to vote for. They view the future of cryptocurrency as one of the top issues that 25% of U.S. voters currently owning cryptocurrency care about."
Discussions on policy concluded with a session on "Changing the Landscape: Market Structure, Stablecoin, and SAB 121" featuring participation from Congress members Wiley Nickel and Mike Flood, and Nilmini Rubin, Policy Director at Hedera.
DYOR! #Write2Win #Write&Earn $BTC