The ending is a bit dramatic, but overall not too bad. First, the U.S. president has confirmed the strategic reserve status of #Bitcoin, and secondly, the U.S. Congress has also confirmed the establishment of a Cryptocurrency reserve, with forfeited assets as the main source. Secondly, it has denied the previous regulation of Cryptocurrency. Overall, since Trump took office, the regulation of Cryptocurrency will be more relaxed, which is inevitable.
Then Trump also stated that the Treasury and Commerce Departments are exploring new ways to increase the reserve of Bitcoin, and has mentioned multiple times that the United States aims to become a major power in BTC and Crypto Assets. Therefore, it is undeniable that the United States' friendliness towards Crypto Assets, officially ending the 'Suffocation Operation' 2.0 of the Biden era! The Treasury Secretary expressed as expected the research on the stablecoin system. And stated that the US dollar will continue to be the dominant reserve currency and stablecoins will be used to achieve this goal. Stablecoins are inevitably an important part of the US Cryptocurrency strategy.
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The ending is a bit dramatic, but overall not too bad. First, the U.S. president has confirmed the strategic reserve status of #Bitcoin, and secondly, the U.S. Congress has also confirmed the establishment of a Cryptocurrency reserve, with forfeited assets as the main source. Secondly, it has denied the previous regulation of Cryptocurrency. Overall, since Trump took office, the regulation of Cryptocurrency will be more relaxed, which is inevitable.
Then Trump also stated that the Treasury and Commerce Departments are exploring new ways to increase the reserve of Bitcoin, and has mentioned multiple times that the United States aims to become a major power in BTC and Crypto Assets. Therefore, it is undeniable that the United States' friendliness towards Crypto Assets, officially ending the 'Suffocation Operation' 2.0 of the Biden era!
The Treasury Secretary expressed as expected the research on the stablecoin system. And stated that the US dollar will continue to be the dominant reserve currency and stablecoins will be used to achieve this goal. Stablecoins are inevitably an important part of the US Cryptocurrency strategy.