What's up, folks! The news that's causing a stir is that, according to Bo Hines, presidential advisor of the United States, the crypto economy, especially Bitcoin, is going to win big with the "Great and Beautiful Bill" that none other than Donald Trump just signed! ✍️💸 The House of Representatives approved it on July 4th, after the Senate had already given it the green light. Although there was initial resistance, even within Trump’s party, it seems this is just what we needed in these times of regulatory uncertainty. Phew, what a relief! 🙏
What is this so-called "Great and Beautiful Law" of Trump about? 🤔
This bill focuses on three key things that Trump loves: tax cuts for companies, fewer regulations, and more control at the border. But, surprise! Among all that package, they managed to slip in some laws that are a blessing for cryptocurrencies, and the best part is that they had support from both parties! This shows that cryptos are hitting hard in the hearts of the people in the United States. ❤️
Here are the gems that slipped through:
Genius Law: This law sets clear rules for stablecoins in the country, but without closing the doors to innovative ideas from the sector. Now that’s a pleasure! As Hines said, it's like giving a playing field framework for everything to work well and without surprises. 💡
Clarity Law: This is a serious issue because it seeks to resolve the huge legal problem that cryptocurrencies have, not only in the United States but around the globe. According to the White House advisor, this law will clearly differentiate between what is a digital product and a digital security. This is crucial! Because this opens the way for innovation in cryptocurrencies to continue growing without legal problems holding it back. Tremendous step! 🚶♂️💨
Hines is convinced that this "Great Bill" is going to make the United States the world leader in innovation and adoption of cryptocurrencies. The guy is praising the president for this historic achievement! 🥳
Will Trump unleash a new crypto revolution in the U.S.? 🌟
Remember that the laws and policies in favor of cryptocurrencies were a super important point in Donald Trump's presidential campaign in 2024. He stood out a lot from his opponent, Kamala Harris, who didn’t know how to take advantage of the pro-crypto wave! 🙅♀️
If the Clarity Law and the Genius Law are implemented fully, it is very likely that they will greatly boost the cause of digital currencies in the country. Trump will surely say that he fulfilled a large part of his promise to reform the cryptocurrency sector! ✅
Now, the big challenge will be for the federal agencies that have been tougher, like the Securities and Exchange Commission (SEC) and the FBI, to come to an agreement! Historically, the FBI has seen digital currencies as a tool for criminals, so a deep restructuring is coming in the coming days, especially under the direction of Trump’s FBI president, Kash Patel! This is going to be intense! 🔥
So, my people, it seems that the future of cryptocurrencies in the United States looks brighter than ever under this new political move. Stay alert for what’s coming! 👀$BTC $ETH $SOL
