Trump issued an encrypted administrative personnel order to pave the path of digital assets in the United States
US President Donald Trump has been waiting Encrypted administrative order This guides his government to formulate friendly policies to stabilize the industry and is committed to establishing “digital asset inventory”.
After many years of battle between courts and federal authorities, Trump’s orders on Thursday can make the digital asset sector forward in the more enthusiastic framework established by the United States. Such orders are more of the federal policy, but President Kleopp has taken the first step.
In a few minutes after the news, Bitcoin soared from about $ 106,000 to more than $ 106,000, and then reviewed most of the benefits. Recently, BTC has easy hand at a price of $ 103,500, and has fallen by 0.51 % in the past 24 hours.
On Thursday’s command, if they developed software, miners or verifications or other “legal purposes” will protect Americans from persecution.
The command created a working group, hosted by Trump’s CZAR to Crypto and AI (David Sacks), composed of various cabinet officials, US Securities and Trading Councils, and Commodity Futures Commission and other White House officials. Although the order itself has not established a strategic Bitcoin reserve, it does instruct the working group to “evaluate the potential creation and maintenance of national digital asset inventory.”
The group must determine all regulations that currently touch cryptocurrencies within 30 days, recommend to revise or revoke these regulations within 60 days, and submit new suggestions within 180 days.
Trump’s order also prohibits the use of digital currencies from the Central Bank of the United States in its government, and said that “it is forbidden to establish any action in the United States or foreign judicial jurisdictions to issue or promote CBDC.”
Administrative order also withdrew the former President Joe Biden 2022 Crypto’s administrative orderAnd instruction Digital asset framework Origin from this order.
When Trump failed to publish the file in his administrative order, insiders of cryptocurrencies became more and more nervous about the new relationship he promised. However, behind the scenes, the leader of the US market regulatory agency-the Securities and Trade Commission and the Commodity Futures Trade Commission-this week is ready to put the number of digital asset companies from the many years of fines reserved by a previous institution official.
Executing commands may ask tricky legal issues. Technically, both Congress and Independent Regulatory Agency (such as the SEC) do not meet their requirements, but the Republican allies in Trump in these places are likely to abide by the desires represented by the documents.
The majority of the Republican Conference on cryptocurrency supervision, including the re -opening of the previous session, has produced a market structure and a legislative procedure of a stable bill. It is unclear whether the process of Trump’s implementation will encourage legislators to suspend their efforts on cryptocurrencies during this period.
Tim Scott, chairman of the Senate Banking Committee, said: “I look forward to cooperating with President Trump and his team to bring clear, choice and opportunities to this important department of our 21st century economy.” On Thursday’s statement.
Update (2024, 20: 58 UTC): Add other details.
Update (January 23, 21: 10 UTC): Add more information from administrative orders and its effects.
Update (January 23, 21: 14 UTC): Senator Tim Scott has increased comments.