With the election of Donald Trump as the 47th President of the United States, Bitcoin has started to rally. It is expected that Trump will bet on the development and use of Bitcoin, aiming to turn the United States into the capital of crypto currencies.
Here are the promises Donald Trump made this year to the crypto industry, which he must fulfill as soon as he takes office:
1. Make the US the Cryptocurrency Capital of the World – a proposal to position the US as a leading center for cryptocurrency innovation and development.
2. To fire SEC Chairman Gary Gensler, who has taken a rather hardline stance on cryptocurrency regulation in recent years.
3. Creation of a strategic reserve of bitcoins – a proposal for the formation of state reserves of cryptocurrency.
4. To prevent the US from selling its Bitcoin assets – a proposal to preserve the country’s cryptocurrency assets.
5. To stop the development of a central bank digital currency (CBDC) – opposition to the creation of a state digital currency.
6. Proposes a comprehensive cryptocurrency policy – developing a holistic approach to regulating the industry.
7. To end hostilities against cryptocurrencies within an hour of taking office – a swift change from the current regulatory approach.
8. To stop the “illegal prosecution” of the cryptocurrency industry – easing current regulatory pressures.
9. Recommends the use of cryptocurrencies to solve the problems of the US national debt – a proposal for the use of cryptocurrencies in public finances.
10. Silk Road founder Ross Ulbricht’s prison sentence commuted – commuted sentence for the creator of the famous darknet marketplace.
Currently, the price of one bitcoin is $76,000, and analysts believe that this price could reach $100,000 even before the inauguration of the new president.
Trade with the best technical and fundamental analysis
Premium registration gives broad access to all publications related to understanding the world. What and why is happening, as well as what is about to happen. You will know the truth, which will give you great advantages over all others.
Premium Plus Membership
In addition to the standard Premium subscription, in Premium Plus you will have access to our world news, which is unique. The news connects different events and analyzes why and what will happen. Only here will you find out the truth about the news.
