Trump May Revamp US Crypto Policy in First 100 Days

by A1

10 hours ago

The auctioning of 69,370 Bitcoins linked to Silk Road could catalyze changes in the US crypto policy anticipated from Donald Trump's administration.

Silk Road Bitcoin Sale

A US court has permitted the sale of 69,370 Bitcoins used on the Silk Road platform. This decision is expected to impact the cryptocurrency market and draw policy attention to this sector.

Lobbying for Crypto Policy Changes

The crypto industry is actively urging Donald Trump's administration to make major crypto policy changes. Key proposals include creating a national Bitcoin reserve, providing industry access to banking services, and establishing a crypto advisory committee.

Given the trajectory of the campaign, it will be imperative that the executive orders really lay out what the real priorities are going to be from day one and provide some kind of roadmap.Rebecca Rettig, Chief Legal and Policy Officer at Polygon Labs

Prospects for Cryptos in the US

Trump assures he will deliver on his promises to promote US leadership in crypto. Amid these statements, Bitcoin reached record levels but later fell. The future of cryptocurrencies in the US will largely hinge on the political decisions of the new administration.

Despite Washington being mired in bureaucratic morass, there are still efforts to stifle innovation. But President Trump will deliver on his promise to promote American leadership in crypto.Brian Hughes, Trump's transition team spokesman

Policy changes in the US regarding cryptocurrencies could significantly impact both domestic and global markets, with a focus on security and support for innovation.

Other news

Solana ETF Approval in the U.S. Remains Uncertain Amid Regulatory Challenges

The U.S. faces regulatory hurdles for Solana ETF approval, while Canada leads in this sector.

15 minutes ago

Markets Drop as DOJ Approved $6.5 Billion Bitcoin Sale

DOJ authorized the sale of 69,370 BTC from Silk Road impacting the crypto market.

15 minutes ago

Shiba Inu: Current Support Level and Market Outlook

Shiba Inu holds support at $0.000020 amid recent market fluctuations and downward price pressure.

16 minutes ago

What's Next for FLOKI, LUNA, and BONK Amidst Cryptocurrency Market Changes?

Exploring the impact of Bitcoin volatility on FLOKI, LUNA, and BONK and their future prospects.

17 minutes ago

AI Agents: New Phenomenon in the 2025 Crypto Markets

Ardizor forecasts AI agent market growth from $15B to $100B in 2025, analyzing low-cap projects.

18 minutes ago

Pi Network Unveils 20 Apps for Web3 Ecosystem

Pi Network launches 20 mainnet apps, enhancing Pi cryptocurrency use in real-world applications.