US President Trump signed an executive order on Thursday, establishing a Cryptocurrency task force responsible for proposing new regulations for digital assets and exploring the possibility of establishing a national Cryptocurrency reserve, fulfilling his promise to quickly reform US encryption regulatory policies and establish BTC strategic reserves during his campaign. Trump also called for the protection of banking services for Cryptocurrency companies and banned the establishment of Central Bank Digital Currencies (CBDC) that may compete with existing Cryptocurrencies.
The working group includes the Minister of Finance, the Chairman of the Securities and Exchange Commission (SEC), the Chairman of the Commodity Futures Trading Commission (CFTC), etc., to develop a regulatory framework for digital assets such as stablecoins. In addition, the working group will also assess the possibility of establishing a national encryption asset reserve, which includes Cryptocurrency legally seized by law enforcement agencies, such as BTC assets seized from the dark web Silk Road, which will no longer be sold in the future, but will be held by the US government. Market analysts believe that this may require congressional authorization beyond the existing regulatory framework.
Trump appoints venture capitalist and former PayPal senior executive David Sacks as the AI and encryption czar, responsible for leading the working group. This measure is similar to the establishment of a working group within the previous SEC system, but currently it remains at the 'formation of organization' stage, with no clear regulatory relaxation measures. Under the expected new policy, BTC briefly reached a historical high of $109,000, but fell back to around $103,000 on Thursday afternoon.
Disclaimer: The article represents only the author's personal views and does not represent the views and positions of the blockchain. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and the blockchain will not be responsible for any direct or indirect losses incurred by investors.
〈MICA Daily | Trump Signs Executive Order: Establish encryption Currency Policy, Evaluate BTC Reserves〉This article was first published in "Block Times".
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MICA Daily｜Trump Signs Executive Order: Developing Cryptocurrency Policies, Evaluating BTC Reserves
US President Trump signed an executive order on Thursday, establishing a Cryptocurrency task force responsible for proposing new regulations for digital assets and exploring the possibility of establishing a national Cryptocurrency reserve, fulfilling his promise to quickly reform US encryption regulatory policies and establish BTC strategic reserves during his campaign. Trump also called for the protection of banking services for Cryptocurrency companies and banned the establishment of Central Bank Digital Currencies (CBDC) that may compete with existing Cryptocurrencies.
The working group includes the Minister of Finance, the Chairman of the Securities and Exchange Commission (SEC), the Chairman of the Commodity Futures Trading Commission (CFTC), etc., to develop a regulatory framework for digital assets such as stablecoins. In addition, the working group will also assess the possibility of establishing a national encryption asset reserve, which includes Cryptocurrency legally seized by law enforcement agencies, such as BTC assets seized from the dark web Silk Road, which will no longer be sold in the future, but will be held by the US government. Market analysts believe that this may require congressional authorization beyond the existing regulatory framework.
Trump appoints venture capitalist and former PayPal senior executive David Sacks as the AI and encryption czar, responsible for leading the working group. This measure is similar to the establishment of a working group within the previous SEC system, but currently it remains at the 'formation of organization' stage, with no clear regulatory relaxation measures. Under the expected new policy, BTC briefly reached a historical high of $109,000, but fell back to around $103,000 on Thursday afternoon.
Disclaimer: The article represents only the author's personal views and does not represent the views and positions of the blockchain. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and the blockchain will not be responsible for any direct or indirect losses incurred by investors.
〈MICA Daily | Trump Signs Executive Order: Establish encryption Currency Policy, Evaluate BTC Reserves〉This article was first published in "Block Times".