The announcement issued by the Trump administration in the first week of the official take -off is creating new opportunities for the cryptocurrency industry.
Following the acting chairman of the US Securities and Exchange Commission, Mark Uyeda launched one Encrypted working group On Tuesday, President Donald Trump signed a Administrative order Promoting the progress of American cryptocurrencies now, industry experts are considering what this may mean for the future of national cryptocurrencies reserves.
“We expect that a certain type of legislation will advance with the advancement of strategy. Bitcoin Matt Kaufman, the person in charge of Karamos ETF, told CNBC’s “reserve”ETF edge“This week.
The administrative order signed by the President on Thursday requires the establishment of a digital asset working group, which includes the standard for proposing cryptocurrency reserves.
According to this order, the working group will also draft a new regulatory framework for the operation of cryptocurrencies in the United States. Mike Venuto, chief investment director of Tide Financial Group, predicts that policy changes will eventually help the industry.
“Supervision is done through law enforcement. This is really a mess,” Weineto said in the same interview. “We really need some efficient government organization to intervene and supervise this issue and make it meaningful.”
Bitcoin price Set a new record On Monday, in the industry’s rejoicing, the stock broke the $ 109,350 for the first time. As of Friday afternoon, the trading price of the token was about $ 105,000.
