NEW ERA IN CRYPTOCURRENCY REGULATIONS IN THE USA: IMPORTANT STATEMENTS FROM TRUMP AND HILL
The new chairman of the US House of Representatives Financial Services Committee, French Hill, stated that they will focus on easing banking regulations, facilitating companies' public offering processes and creating a market structure for cryptocurrencies. Hill was hesitant about the idea of the US creating a Bitcoin reserve.
President-elect Donald Trump stated that they will do a "great thing" regarding cryptocurrencies and that they aim for the US to be a leader in this field. While Trump's pro-crypto stance creates excitement among investors, it increases the expectation that the legal pressure on cryptocurrencies will be lifted quickly.
These developments indicate the beginning of a new era in cryptocurrency regulations in the US.