Both at the legislative level and in the business sector, the United States is entering a new era in which $BTC will play a central role.
$BTC and the rest of the cryptocurrencies are experiencing a new era in the United States. Those times when the Executive Branch and various federal agencies viewed this technology as harmful to small and large investors seem to be behind us. Although there is no way to know what tomorrow will bring, it is certain that, so far, BTC has gained new momentum with the return of #DonaldTrump to the White House.
The creation of Satoshi Nakamoto has reached where it is on its own merit, driven by market demand. However, the renewed enthusiasm for bitcoin shown by U.S. officials has spread from within the country to multiple jurisdictions around the world.
Currently, advancements are perceived from the U.S. both in the regulatory field and in adoption. In terms of regulation, the landscape is particularly encouraging, as during Joe Biden's administration, the sector was subject to strong crackdowns by the Securities and Exchange Commission (SEC), the federal agency responsible for overseeing financial markets.
These efforts have been complemented by the promotion of deregulations driven directly by #Trump through executive orders. Among the most notable measures is the removal of the controversial SAB 121 rule, which required cryptocurrency companies to record these assets as liabilities on their balance sheets — that is, as debts they had to assume — and at the same time to account for an equivalent asset as 'custodial resource'.
Additionally, the issuance of Central Bank Digital Currencies (CBDC) was prohibited, and a rule requiring decentralized exchanges to pay new taxes was repealed.
We cannot overlook the momentum coming from the states, where more than 15 have proposed bills to create their own strategic treasuries of $BTC and other crypto assets. Jurisdictions like Florida, New Hampshire, Texas, Missouri, and West Virginia have already achieved small legislative victories, which is not insignificant, as if we add the GDP of these regions (approximately USD 5.0 trillion, according to data from the U.S. Bureau of Economic Analysis), we find that the result surpasses that of countries like India (USD 4.1 trillion), France (USD 3.2 trillion), Italy (USD 2.4 trillion), or Canada (USD 2.2 trillion).
