Donald Trump's notable address at the Blockworks Digital Assets Summit in New York highlights the crucial role of cryptocurrencies in modern finance.
Crypto at the Forefront of Finance
Dan Greer, co-founder of Defi App, noted that Trump's speech indicates how crypto has become a significant force in finance. The president's address supported innovation, solidifying the US administration's pro-crypto stance.
Stablecoin Legislation
Donald Trump emphasized the need for stablecoin legislation, proposing the implementation of 'simple and common sense rules.' The Senate has already advanced the bill, which could soon reach the president's desk.
Positive Changes in DeFi
The crypto industry has seen significant regulatory achievements, including developments in DeFi. The US House of Representatives voted to overturn the IRS's broker rule for DeFi protocols, which was highly praised by industry experts.
In his Blockworks address, Trump expressed support for blockchain innovation, bolstering market confidence in the future of regulatory initiatives.
