Donald Trump Wants to Make Crypto a Top Priority When He Returns as President
Have you heard the latest news about Donald Trump? They say that when he returns as president on January 20th, he will sign an executive order that will make crypto a national priority. For those who are into crypto, this is like a dream come true, right?
According to Bloomberg (January 17), Trump will order regulatory agencies in the US to work more closely with the crypto world. In fact, a special crypto council will be created whose job is to represent the industry on policy matters. Pretty cool, huh? But be patient, this plan can still change before it is officially announced, so don't get euphoric just yet.
Trump has also promised to make the US the world's crypto center. Well, this step seems to be a warm-up to fulfill that promise. Plus, it is said that crypto people have given input to David Sacks, a crypto official on Trump's team, to make policies that are very pro-crypto. So this is really serious, bro!
In addition, there is also a discourse to revoke the rules that are said to make crypto players complicated. For example, banks no longer need to record crypto assets as liabilities. If that rule is removed, more people will be happy!
Not only that, Trump also wants to discuss Bitcoin reserves for the government. FYI, the US currently holds Bitcoin confiscated from criminal cases worth $19.8 billion. Can you imagine if they add more? The US could become one of the biggest “Bitcoin whales” in the world, you know!
What do you think? Is this a step that will make the crypto world more advanced or is there a risk that must be watched out for? What is clear is that January 20 is only a matter of days away. We'll just have to see what breakthroughs Trump will give. Stay tuned, okay!
