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Washington (AP) – The Bitcoin Award exceeded $ 100,000 at dawn on Friday, while a Pompey cryptocurrency industry awaits an early action through Donald Trump when he swore as president the following week.
Once skeptical that he said a few years ago that Bitcoin “seems like a scam,” Trump followed the virtual coins with a convert zeal. He presented a new cryptocurrency corporate and swore at the Crusade Crusade to take measures at the beginning of his presidency to make the United States in the “cryptographic capital” of the world.
His promises, in the creation of an inventory of American crypto, by promulgating a regulation and an occasion adapted to the industry, naming a cryptographic “tsar” for administration.
“You’re going to be very with me,” Trump told Crypto-DentaSts at a Bitcoin convention last summer.
Read more: What Trump’s management can mean for the crypto
Bitcoin is the maximum popular cryptocurrency in the global and created in 2009 as a type of electronic cash out of control through banks or governments. The most recent bureaucracy of data and cryptocurrencies has passed from monetary stripes to the dominant existing wild settings.
The very volatile nature of cryptocurrencies, as well as their use through criminals, criminal nations and thugs, has attracted many criticisms, which say that virtual currencies have a limited application and are only Diets of Ponzi.
But so far the cryptography has challenged the parties at war and has survived several costs of cost costs of its useful life. The actors rich in the cryptography industry, which felt unfairly attacked through the Biden administration, spent strongly to attend Trump won the elections last November. Bitcoin has higher costs since Trump’s victory, exceeding $ 100,000 for the first time last month before a short slide of around $ 90,000 before this week. Two years ago, Bitcoin was negotiated in around $ 20,000.
On Friday, Bitcoin higher by around 5% to around $ 104,000 in Coindesk.
The possible Trump teams for the main closet and the regulatory positions are full of cryptographic supporters, adding their selection to direct the treasure and commercial services, as well as the head of the stock exchange and values.
The main industry players launch a first “Crypto Ball” on Friday night, which promised to come with “an elite diversity of musical entertainment” to celebrate the first “president of Cryptography. ” The occasion is exhausted, with tickets that cost several thousand dollars.
Here is a review of a detailed action that Trump can take in the first days of his administration:
As a candidate, Trump promised that he would create a special advice recommendation guilty of offering recommendation on the creation of “clear” and “simple” regulations that surround the cryptography in the first hundred days of his presidency.
The details of the Council and its members are still clear, but after winning the November elections, Trump designated the generation and capital fund of David Sacks to be the cryptography of the “Tsar” administration. Trump also announced at the end of December that the former candidate of the North Carolina Congress, Bo Hines, would be the executive director of the “Presidential Council for Digital Assets”.
In the Bitcoin Convention last year, Trump told Crypto supporters that new regulations “will be written through other people who love their industry, not to hate their industry. ” Trump’s selection to lead the dry, Paul Atkins, a burning cryptocurrency defender.
Cryptographic investors and corporations have designed as what they said was a Hostile Biden management that has on board in unfair measures and accounting policies that have stifled innovation in the industry, in the specific hands of the outgoing president, Gary Gensler.
“Regarding the general expectations of the Trump administration, I think one of the things to bet is a replacement for the dry tone,” said Peter Van Valkenburgh, executive director of the Cen Center.
Gensler, who deserves to leave while Trump occupied the workplace, said in a recent interview with Bloomberg that he was proud of the movements of his workplace to the cryptographic industry, which, according to him, is “prey to the bad actors. “
Trump also promised that, as president, he will ensure that the United States government stored Bitcoin, as he already does with gold. In the Bitcoin Convention previously this summer, Trump said that the United States government would retain, that billions of dollars in Bitcoin that had seized through the measures of implementation of the law.
Cryptographic defenders have published a draft online decree that would identify a “Bitcoin strategic reserve” as a “permanent national asset” that would be administered through the Treasury department through its industry stabilization fund. The prescription task supplies that the Treasury Department would possibly have at least $ 21 billion in Bitcoin.
Obtain more information: for Cryptomoned Paul Atkins is Trump’s candidate to preside over the stock exchange and values.
Republican senator Cynthia Lummis of Wyoming has already proposed that the law is not easy the inventory of the United States government, Bitcoin, who, according to defenders, would diversify the assets of the government and hide opposite to monetary risks. Critics say that Bitcoin’s volatility makes it a bad reservation.
Creating this inventory would also be a “giant step in the direction of Bitcoin’s standardization, which fits the eyes of other people who are not yet valid,” said Zack Shapiro, a lawyer who is the policy chief of policy of Bitcoin. Institute.
During the previous Bitcoin Convention this year, Trump won noisy cheers when he reiterated a promise to make the loss chain of Ross Ulbricht, the condemned founder of the drug of the silk route that used crypto for bilsarray
The Ulbricht issue has energized Cryptography Insurance defenders and libertarian activists, to whom government researchers have suffered a structure of their opposite history to the Silk route.
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