Thursday, November 21, 2024
2.6 C
London

Trump’s Promise: First White House Crypto Role to Make America #1 in Blockchain

Donald Trump’s team is considering a new White House crypto role. The role would be the first dedicated cryptocurrency policy position in the White House. The plan aims to improve cryptocurrency regulation and create a strong blockchain policy. Under Trump’s crypto stance, this could make the U.S. the world leader in digital assets.

Source: Reuters

Also Read: 3 Commodities To Invest in 2025 For Top Returns

How Trump’s Crypto Role Could Shape Blockchain Policy & Regulation in the U.S.

Source: CryptoBriefing

Streamlining Federal Oversight

Source: Watcher Guru

The White House’s crypto role would be to manage cryptocurrency policies between federal agencies like the SEC and CFTC. A team would work in this position. They would help Congress, regulators, and the White House work together. This approach to blockchain policy would make regulations clearer for everyone.

Industry Leaders Rally Behind Initiative

Crypto leaders have met with Trump at Mar-a-Lago to discuss the role. Coinbase CEO Brian Armstrong and former Binance.US leader Brian Brooks shared their ideas about the position. Their meetings show how the crypto industry wants to work with the government on cryptocurrency regulation.

Also Read: Shiba Inu: Can SHIB Hit $0.0001 If Bitcoin Hits $125,000?

Strategic Policy Reforms

Source: Wired

Trump’s blockchain policy includes creating a presidential advisory group for digital assets. His team is looking for candidates who understand both government and industry needs. The person chosen will have direct access to Trump. This shows a big change in how the government handles cryptocurrency regulation.

Broader Industry Implications

This new White House position is a big step for the U.S. crypto industry. Industry experts think it will create better rules and support innovation. The role will help coordinate blockchain policy across the country and help the sector grow.

Also Read: De-Dollarization: How Long Will the US Dollar Remain Global Currency?

Future Outlook

The White House crypto role will help shape America’s digital future. Leaders in the crypto industry believe this position will improve relations between regulators and innovators. This could soon help make the United States the global leader in blockchain technology.

Hot this week

Shiba Inu’s Rise To 1 Cent Is Imminent, Here’s Why

The Shiba Inu (SHIB) ecosystem has been making headlines...

China CBDC Head ‘Yao Quin’ Expelled for Crypto Corruption

A leading figure in China’s digital currency development has...

Honoring Nikolai Durov: NikolAI Launches Inaugural NFT Series

In honor of Nikolai Durov’s 44th birthday, the NikolAI...

Dogecoin and Elon Musk: A $100 Investment Then vs. Its Value Today

The Dogecoin (DOGE) market was the highlight of the...

Bitcoin Miner Marathon Digital Raises $1B to Buy More BTC

Embracing an ongoing trend within the market, Bitcoin miner...

Topics

Shiba Inu’s Rise To 1 Cent Is Imminent, Here’s Why

The Shiba Inu (SHIB) ecosystem has been making headlines...

China CBDC Head ‘Yao Quin’ Expelled for Crypto Corruption

A leading figure in China’s digital currency development has...

Honoring Nikolai Durov: NikolAI Launches Inaugural NFT Series

In honor of Nikolai Durov’s 44th birthday, the NikolAI...

Dogecoin and Elon Musk: A $100 Investment Then vs. Its Value Today

The Dogecoin (DOGE) market was the highlight of the...

Bitcoin Miner Marathon Digital Raises $1B to Buy More BTC

Embracing an ongoing trend within the market, Bitcoin miner...

BRICS: Demand For the US Dollar Rises in Foreign Banks

The latest report from the Economic Times indicates that...

Shiba Inu (SHIB) & Ripple (XRP) Price Prediction For November End

Shiba Inu (SHIB) and Ripple (XRP) are the leading...

Top 3 Cryptocurrencies On The Verge Of New All-Time Highs

The cryptocurrency market faced a slight dip over the...
spot_img

Related Articles

Popular Categories

spot_imgspot_img