“Donald Trump plans to create an advisory council on cryptocurrencies early in his presidencyDonald Trump plans to create an advisory council on cryptocurrencies early in his presidency. The new body will have up to 20 members and will assist the government in formulating favorable policies for the crypto market.”, — write on: unn.ua
This is reported by Business AM, writes UNN.
Details
According to the media, after Trump received the support of businessmen during his election campaign, he promised to become a “crypto-president”. The President-elect of the United States is expected to issue an executive order creating an advisory board on cryptocurrencies.
According to reports, Trump plans to issue an executive order to create a cryptocurrency council that will help advise the government on best practices for the market. This body can include up to 20 members.
Trump’s advisers have also discussed using the order to force the SEC, the US capital markets regulator, to rescind a 2022 rule known as “SAB 121” that would impose very high costs on companies, especially banks, that own cryptocurrencies.
In addition, it is reported that Donald Trump plans to make cryptocurrency a national policy priority with this presidential executive order. Such a decision would elevate the cryptocurrency to a position of national importance from the first day of Trump’s presidency. Appropriate prioritization is designed to ensure the influence and representation of industry representatives in the government.
We will remind
Donald Trump plans to create the External Revenue Service on January 20 when he takes office as president. The new agency will collect duties, taxes and other revenues from foreign sources.