While regulatory pressure on cryptocurrencies in the U.S. eases, Trump's aggressive policies destabilize the global economy. The country faces unprecedented risks with looming trade wars and nuclear tensions.
Introduction
The U.S. is attempting to reduce tension in the cryptocurrency sector, while the global economy suffers from Trump's policies. Amid these developments, regulators are clarifying legal frameworks for cryptocurrencies.
New SEC Policy on Cryptocurrencies
The SEC is adopting a different stance from previous approaches. Instead of expressing disdain for cryptocurrencies, the regulator aims to eliminate uncertainty by establishing clear legal boundaries. The SEC has initiated measures to prevent fraud in cryptocurrency exchanges and ensure the traceability of funds stolen or transferred illegally through cryptocurrency wallets. The policy encompasses important components, including mandatory KYC/AML policies that require customer data verification and storage with wallet addresses during account creation. Special attention is also given to systems that monitor suspicious transactions in real-time and risk assessments based on wallet transaction histories.
Impact of Trump's Policies on Global Economy
Trump's policies are destabilizing the global economy, with the country facing trade wars and nuclear threats. Trump insists on the importance of unifying all nations for survival.
SEC's measures to clarify regulations may ease regulatory pressure on the cryptocurrency industry, yet the stabilization of the global economic situation amid Trump's policies remains crucial.
