Recently, significant changes in cryptocurrency regulation have occurred in the United States, impacting both the domestic and global cryptocurrency markets. President Donald Trump has signed a series of executive orders aimed at supporting and integrating digital assets into the country's financial system.
Creation of a strategic bitcoin reserve
One of the key steps was the signing of an executive order to create a strategic bitcoin reserve. This reserve is formed from bitcoins confiscated in criminal and civil cases, allowing the government to accumulate digital assets without additional costs to taxpayers. Additionally, there are plans to establish a 'Digital Asset Reserve of the USA' for storing other confiscated cryptocurrencies.
Change in the Securities and Exchange Commission (SEC) policy
The Trump administration initiated changes in the SEC's operations aimed at easing regulations in the cryptocurrency sector. As a result, the SEC halted legal actions against several crypto companies, fostering a more favorable regulatory approach for the industry. Details on SEC actions coming soon.
Bill for the purchase of 1 million bitcoins
Senator Cynthia Lummis has reintroduced the BITCOIN Act, which calls for the government to purchase 1 million bitcoins. This initiative aims to strengthen financial stability and support innovation in the financial sector.
Impact on the global cryptocurrency market
Government-level support for cryptocurrencies in the USA fosters growing trust in digital assets worldwide. Other countries may explore this example, leading to broader recognition and integration of cryptocurrency into the global financial system.
Conclusion
Recent regulatory changes in the USA demonstrate a commitment to integrating cryptocurrency into the official financial system and supporting innovation in this area. These steps may have a significant impact on the development of the global cryptocurrency market, promoting stability and growth.
The review uses materials from Binance, PaySpace.