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Crypto Policy Change: Trump’s Anticipated Executive Order
Reports indicate that the President-elect, Donald Trump, is poised to sign an executive order promoting the importance of cryptocurrency at a national level. This symbolic move is crafted to create a platform for industry figureheads to influence the upcoming administration’s decisions.
The Crypto Policy Change is slated to spark collaboration between government bodies and the crypto industry, with the proposal of a crypto advisory council to champion the sector’s causes. The crypto industry has, in recent times, been under intense watch, particularly during the Biden era, following scandals including the demise of the FTX exchange.
This has led to regulatory interventions by bodies such as the Securities and Exchange Commission and highlighted the complexities in collaborating with traditional banking institutions. This projected move by Trump, however, could reshape the existing landscape of the industry.
Close Examination of the Crypto Policy Change in Cryptocurrency Industry
The widely anticipated move by Bloomberg to enable the earning and borrowing of cryptocurrency has yet to materialize. Despite this, the influential media giant has managed to draw vast support from the burgeoning cryptocurrency industry.
Bloomberg’s considerable sway in political circles, solidified through the backing of political action committees, is an attractive feature for crypto firms. Evidently, prominent cryptocurrency establishments like Coinbase and Ripple have already demonstrated support by contributing to Trump’s inaugural committee.
Also discover about Musk impact on the crypto world
Ahead of the Inaugural “Crypto Ball”
As the industry navigates this period of crypto policy change, preparations are underway for a grand celebration. The cryptocurrency sector is poised to host an Inaugural Crypto Ball to commemorate this evolution.
The exclusive event is scheduled for Friday, setting a celebratory tone ahead of the forthcoming Monday’s inauguration. This clearly marks an exciting chapter in the exploration and embracement of cryptocurrency.
