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HomeBusinessFirst week in Trump's office: Crypto Industry appreciated Executive Order, Task Force

First week in Trump’s office: Crypto Industry appreciated Executive Order, Task Force


Announcements made by the Trump administration in their first official week are creating new opportunities for the crypto industry.

After the launch of Mark Ueda, Chairman of Acting Securities and Exchange Commission Crypto Task Force An agreement was signed by President Donald Trump on Tuesday executive Order Now promoting the advancement of cryptocurrency in the US, industry experts are considering what it can mean for the future of the National Crypto Store.

“We will expect any kind of law to move strategically Bitcoin Reserve, “Kalamos chief Matt Cofman of ETF told CNBC”ETF Edge“This week.

On Thursday, the Executive Order signed by the President called for the establishment of a work group on digital assets, whose functions include proposing criteria for the Crypto Reserve.

According to the order, the work group will also draft a new regulatory structure to operate crypto in the US. Mike Venuto, chief investment officer of Tidal Financial Group, hopes that policy changes will eventually be favorable for the industry.

Venuto said in the same interview, “The regulation has been done through enforcement. It is a mess.” “We need any kind of government-skilled group that can come and control it and make it meaningful.”

Bitcoin prices Created a new record Between the enthusiasm of the industry, he crossed $ 109,350 for the first time on Monday. By Friday afternoon, the token was trading around $ 105,000.

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