The US government, under President Donald Trump, is working towards establishing clear regulations for the cryptocurrency industry. Trump has asked Congress to pass crypto legislation before the August recess. This move is seen as historic by Coinbase CEO Brian Armstrong, who believes it will lead to economic growth in the US. The development also includes the establishment of a Strategic Bitcoin Reserve. Crypto lawyer John Deaton notes that the US crypto industry is entering a new era, with plans to establish stablecoin legislation and introduce significant changes. Furthermore, the US government will introduce a new market structure to replace outdated statutes. Renowned crypto lawyer Jeremy Hogan highlights that the US Office of the Comptroller has released a letter allowing banks to use distributed ledgers and stablecoins for banking activities. This move represents a step in the right direction for the crypto industry in America.



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