#TrumpBTCTreasury Donald Trump has been working on his new administration to support cryptocurrencies. Here are some key updates on his current stance and policies¹ ² ³:
- *Support for cryptocurrencies*: Trump has expressed his backing for the cryptocurrency sector and has promised to be an advocate for Bitcoin and other digital currencies in his administration.
- *Strategic Bitcoin reserve*: Trump plans to create a strategic reserve of Bitcoin, similar to the strategic oil reserve, with the aim of incorporating Bitcoin into the national treasury and positioning it as a crucial asset for the financial strategy of the United States.
- *Favorable regulation*: Trump has promised to end the "war on cryptocurrencies" waged by his predecessor, Joe Biden, and has expressed his desire to sign legislation on stablecoins before Congress goes into recess in August.
- *Acceptance of donations in cryptocurrencies*: Trump accepted donations in cryptocurrencies during his election campaign and has shown his support for the crypto industry.
- *Personal gains*: Trump made over $57 million from the sale of digital tokens linked to a U.S. cryptocurrency platform, demonstrating his interest in the sector.
- *Key appointments*: Trump appointed David Sacks as "czar of AI and cryptocurrencies" for his administration and named Paul Atkins as the head of the Securities and Exchange Commission (SEC), suggesting a more favorable approach towards cryptocurrencies.
Overall, the Trump administration seems to be adopting a more open and favorable stance towards cryptocurrencies, which could boost the adoption and development of blockchain technologies in the United States.