Donald Trump is officially the 47th president of the United States, and the US government is developing in different directions in some directions of the last government.
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Narrate
US President Donald Trump sworn in on Monday and quickly signed a series of administrative orders. Although he spent a few days to reach items specific to cryptocurrencies, we have seen many actions of his government, let alone a wider extensive Republican Party.
Why is it important
The initial actions of these institutions and parliamentary agencies set the tone of our expectations of the new Congress and the government this year.
break down
I will have time to introduce some of them later, but now:
White House/Administrative Management
Donald Trump signed a highly anticipated administrative order On cryptocurrencies. Its regulations include:
- Create a working group consisting of cabinet officials, White House consultants and others, responsible for determining regulations to decompose cryptocurrencies and recommend whether to change. AI and Crypto Czar David Sacks will host this working group.
- The task team has evaluated digital asset inventory.
- No digital currency for central banks is prohibited from the definition of CBDC a bit extensive.
- The former president Joe Biden’s administrative order on cryptocurrencies mainly indicates that his departments formulate reports on various aspects of crypto and consumer protection.
Trump also announced that sacks will be co -chairman President Scientific Advisory CommitteeEssence
US Securities and Exchange Commission, Now in the agent chair Mark Uyeda (Mark Uyeda),,,,, A special team centered on cryptocurrency is formed Leaded by the commissioner Hester Peirce. Once the Senate confirmed, Trump had previously appointed Paul Atkins as the chairman of the organization.
One of the first steps of the SEC is Revisit employee accounting announcement 121The company instructed the publicly traded company to hold cryptocurrencies for customers, and commemorate these shares with its own asset -liability statement. The SAB 121 strongly opposes the cryptocurrency industry, which believes that it makes it more difficult for banks to provide certain crypto services.
The Commodity Futures Trade Commission is Now in the proxy chair Caroline PhamEssence Pham is called CFTC senior policy consultant Harry Jung As the person in charge of the encryption industry of regulatory agenciesEssence Trump has not appointed a nominated person to take over the permanent chairman.
trump card The creator of the Silk Road Ross Ulbricht (Ross Ulbricht)In “truth social”, he did this “to commemorate (the mother of Urbrhit) and the liberal movement, which strongly supported me.” The distribution of anesthesia and various conspiracy was convicted, and was sentenced to imprisonment. There was no parole. It was sentenced to 40 years in prison.
Trump announced that he would Re -renamed the existing American digital service As his government efficiency department, the entity is led by Elon Musk (formerly the co -leader Vivek Ramaswamy) is now running for the governor of Ohio). Initially, the entity website Just have Dogecoin logo On top. company I am also applying for Dogecoin Exchange Fraded Funds Now.
Trump talked with the President of Salvador Nayib Bukele shortly after signing the encrypted administrative order, although The official reading of the call Not mentioned in any form.
Senate
The Senate Banking Committee has confirmed the creation Group committee that focuses on digital assetsCynthia lummis (R-WYO). Other members of the team committee include R-OHIO, a newborn senator, Sherring Brown (D-OHIO) to enjoy $ 40 million, Fairshake, Ruben GalleGo (Ruben GalleGo D-Riz) support, he received US $ 40 million in support. Support worth $ 10 million and Dave McCormick (R-PA.).
Banking committee Also held hearing On February 5, although the specific time and the list of witnesses have not been announced.
Senator R-TEXAS Introduced the UNES review bill solution beside House of Representatives Michael Mike Carey (R-OHIO) overturning IRS’s recent encrypted broker rules. rule, Determined at the end of last monthDefine the term “agent” for the IRS tax report, but it has already Litigation From the Blockchain Association. Industry lobbyists believe that the final rules “bring illegal compliance burden to software developers.”
The New Chief Democratic Senator of the Senate Banking Committee, D-MASS (D-MASS) She sent an open letter signed by the representative of Massachusetts Jake AuchinCloss.
House of Representatives
The House Supervision Committee sent a letter It is announced whether the bank will demolish the cryptocurrency company According to government requirements.
House of Representatives Financial Services Committee Has been arranged twice about encryption hearing next month. The first is February 6, 2025, and the above -mentioned revocation will be focused on. The second is scheduled to be on February 11th, title “Golden Age of Digital Assets: Draw the Road to the Ahead”.
The main Democratic member of the House of Representatives Gery Conneelly, the main Democratic member of the House of Representatives, demanded that the group’s leading Republican Republican member James Comer (James Comer) Investigating Trump’s release of Trump coins and its contact with the world’s free financeEssence
Tuesday
- 16:00 UTC (9:00 am) Tenth Tour Appeals Court Hear the debate In Custodia Bank’s ongoing cases of the Federal Reserve.
- (Sam Curi. Some security researchers have found that they can track and control certain Subaru cars (that is, cars connected to Internet). Based on this author, the vulnerability has been repaired.
- (Bloomberg. Walgreens spent $ 200 million to replace the refrigerator door with a screen, and its supplier is now fighting a legal struggle with pharmacies/convenience store chains.
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