Trump recently proposed a bold suggestion, encouraging 47 states in the U.S. to consider using cryptocurrency to repay loans or issue their own independent currency. This proposal has caused a significant stir in the financial markets, leading to notable fluctuations in the dollar exchange rate.
The Federal Reserve, the international community, and the cryptocurrency industry have responded differently to this proposal. As the central bank of the U.S., the Federal Reserve has very high requirements for the uniformity and authority of monetary policy, and thus has shown great concern regarding this proposal. The international community worries that this move could disrupt the global monetary system, affecting international trade and financial stability.
Although the cryptocurrency industry sees potential opportunities presented by this proposal, it also recognizes the regulatory risks involved. Many cryptocurrency companies and projects are closely monitoring this situation, trying to seize possible market opportunities.
Meanwhile, banks and the public in the U.S. have also expressed concerns about this proposal. Banks worry that this initiative could lead to significant changes in the flow of funds, impacting their operations and risk management. The public experiences a mix of curiosity and concern regarding the new currency system, hoping that it will bring positive changes while fearing the potential loss of their wealth.
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