The U.S. cryptocurrency industry is urging President-elect Donald Trump to fulfill his campaign promises and push cryptocurrencies into the mainstream. Industry insiders hope that Trump will issue executive orders on his first day in office to establish a crypto-friendly environment. They are advocating for the creation of a national bitcoin stockpile through the Treasury Department and easier access to banking services for crypto firms. Trump is also considering the establishment of a crypto industry council and a review of existing regulations for cryptocurrencies. Trump's appointments of pro-crypto individuals suggest a shift towards a supportive environment for digital assets. Bitcoin's price reached new highs after Trump announced plans for a Bitcoin Reserve, but has since dropped due to various events. Despite some concerns, crypto insiders are optimistic about Trump's plans for the industry.
- Content Editor ( coinpedia.org )
- 2025-01-09
Donald Trump Inauguration: Can We Expect Crypto-Friendly Executive Orders on Jan 20th?