“The decree is expected to establish a cryptocurrency advisory board.”, — write: www.unian.ua
The decree is expected to establish a cryptocurrency advisory board.
Trump’s allies are discussing the possibility of ending federal legal proceedings on cryptocurrencies / collage UNIAN, photo Reuters, photo UNIANPresident-elect Donald Trump plans to issue an executive order that elevates cryptocurrencies to a policy priority and gives industry representatives a voice in his administration.The publication Bloomberg writes that in the decree cryptocurrency will be called a national imperative or priority – a strategic formulation designed to orient government agencies to work with the industry. There are also plans to create a cryptocurrency advisory board that will advocate for the industry’s political priorities.
This decree marks a change in the situation with cryptocurrencies, which became the subject of investigations during the presidency of Joe Biden after a series of high-profile fraud cases. In recent years, federal agencies, including the Securities and Exchange Commission, have filed more than 100 enforcement actions against the sector, and banking regulators have made it harder for cryptocurrency companies to work with financial institutions.
According to the sources, the issue of including an order in the decree that would order all government agencies to review their digital asset policies and possibly suspend any lawsuits related to cryptocurrencies is being discussed. Ending lawsuits against a number of companies, including cryptocurrency exchange Binance Holdings Ltd, is one of the top priorities for the industry.
Also under consideration is the creation of a national bitcoin reserve, which will include the government’s reserves of the world’s largest cryptocurrency. According to the analytics company Arkham, the US government holds about $20 billion worth of bitcoins, seized as part of various investigations. Bitcoin has surged more than 50% since the US election, driven in part by expectations of such a supply. In 2024, the token more than doubled in price. It was trading up nearly 5% at $104,691 as of 11:20 a.m. on Jan. 17, New York time.
Trump has promised to issue numerous executive orders covering a wide variety of industries and issues within his first few days in office.
Bitcoin rate – forecast for 2025Bitcoin in 2024 showed unprecedented growth. The cryptocurrency surpassed the $100,000 mark in December.
The influx of funds without fear of possible lawsuits will lead to an increase in the price of Bitcoin, so it is possible that the cryptocurrency could reach the $200,000 mark.
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