Trump's 100-Day Effect on Cryptocurrency

Under Donald Trump's pro-crypto government, the crypto community expects a clear legislative framework after the leaving of the unfriendly government. Though it has been more than a hundred days, this promise has not yet been fulfilled.

President Donald Trump has, however, aggressively pushed to assist the cryptocurrency sector. He pledged during his election campaign to make the United States "the crypto capital of the world," and many in the crypto sector think he has a quick start.

Trump moved swiftly with executive orders and important nominations. Though eventually restricted to simply bitcoin after some public criticism, he established a Strategic Bitcoin Reserve. His team also reversed tight SEC regulations that have hampered the free operation of crypto companies.

Clear support for cryptocurrencies has come from newly appointed executives at big organizations such the FDIC and SEC. The SEC even suspended its protracted case against Ripple and began negotiating with business leaders to produce more equitable regulations.

Still, many opponents noticed Trump and his family's crypto activities. When Trump started a meme currency increasing his net worth and guaranteed exclusive lunches to top holders, some of them wrinkled their noses.

Walking out of a session on the future of cryptocurrencies on May 6, Representative Maxine Waters protested against the crypto corruption under Donald Trump.

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