With the start of his presidency, Donald Trump signaled significant regulatory changes for cryptocurrencies. Industry representatives are now eagerly awaiting the fulfillment of promises made during his campaign. In particular, there is keen interest in the steps Trump will take in his first 100 days to broaden the mainstream acceptance of Bitcoin (BTC) $92,891.
Bitcoin Reserves and Banking Access Discussions
Among Trump’s potential regulatory moves is the classification of Bitcoin as a strategic reserve. The Treasury Department might consider acquiring $21 billion in Bitcoin as part of this initiative. Economist Zack Shapiro argues that this move could position the U.S. as a leader in the cryptocurrency space. However, whether Trump can make such a decision independently remains a topic of debate, as the involvement of Congress in thi…
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