CoinVoice has recently learned that according to Coindesk, CoinShares said in a research blog on Wednesday that Donald Trump’s administration may provide a more positive environment for cryptocurrencies, and one of the most anticipated developments is the possible passage of the (Bitcoin Act).
"The proposal would establish Bitcoin as a strategic reserve asset, with the U.S. government acquiring 5% of the total Bitcoin supply," wrote James Butterfill, head of research at CoinShares. "This would give Bitcoin a status similar to that of gold." Bitcoin would also gain greater legitimacy with a recognized place in national reserves, the report said.
CoinShares noted that Trump has been critical of the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, especially the agency’s attitude toward cryptocurrencies. His administration is expected to appoint a new SEC leader, which could lead to a period of more cryptocurrency-friendly regulation. [Original link]
