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David Sacks, the head of cryptocurrency in the Trump administration, recently revealed that they are seriously studying the possibility of establishing a Bitcoin reserve.
The words are not powerful enough! Hurry up!
Specifically, they plan to work with the SEC to develop a regulatory framework for digital assets and stablecoins.
Sacks said that the unclear supervision in the past few years has caused many innovations to go overseas.
The new government wants to use clear rules to allow compliant companies to do their work with peace of mind and crack down on illegal activities.
Members of Congress are also taking action. Senator Bill Hagerty has proposed a draft of the 2024 Payment Stablecoin Act.
This bill requires institutions that issue stablecoins to obtain a license and use assets such as US dollars and treasury bonds as 1:1 reserves.
At the same time, the SEC has also established a special cryptocurrency working group, led by "coin circle mom" Hester Peirce.
These actions show that the new government has taken a more positive and open attitude towards cryptocurrencies, and wants to support industry innovation while protecting investors.
The problem is that the action is too slow, and the market is not buying it...
$BTC
The words are not powerful enough! Hurry up!
Specifically, they plan to work with the SEC to develop a regulatory framework for digital assets and stablecoins.
Sacks said that the unclear supervision in the past few years has caused many innovations to go overseas.
The new government wants to use clear rules to allow compliant companies to do their work with peace of mind and crack down on illegal activities.
Members of Congress are also taking action. Senator Bill Hagerty has proposed a draft of the 2024 Payment Stablecoin Act.
This bill requires institutions that issue stablecoins to obtain a license and use assets such as US dollars and treasury bonds as 1:1 reserves.
At the same time, the SEC has also established a special cryptocurrency working group, led by "coin circle mom" Hester Peirce.
These actions show that the new government has taken a more positive and open attitude towards cryptocurrencies, and wants to support industry innovation while protecting investors.
The problem is that the action is too slow, and the market is not buying it...
$BTC
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