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Crypto industry leaders are urging Donald Trump to enact regulatory changes and establish a US Bitcoin reserve within his first 100 days in office, starting January 20. Promises made during his campaign include reducing banking restrictions and creating a Bitcoin stockpile through the Exchange Stabilization Fund, with a proposed allocation of $521 billion. Trump's administration has already made strides by appointing pro-crypto figures to key positions and forming a crypto advisory team to guide policy decisions.
Donald Trump's presidential victory is poised to significantly impact the crypto industry, with expectations for pro-crypto executive orders on his first day in office, January 20, 2025. His newly appointed Presidential Council of Advisers for Digital Assets, led by Bo Hines, aims to establish a regulatory framework that could enhance investor confidence and market stability. This optimism is already reflected in the global crypto market, with notable growth in South Korea and a surge in interest for tokens like Wall Street Pepe ($WEPE), which has seen a substantial price increase during its presale.
The US crypto industry anticipates pro-crypto executive orders from President-elect Donald Trump on his first day in office, aiming to establish a Bitcoin Strategic Reserve, improve banking access for crypto firms, and create a regulatory council. Industry leaders believe these measures would signal a shift towards innovation and leadership in the sector, contrasting sharply with the current administration's stance. Trump's recent nominations for economic and digital asset councils further underscore his commitment to fostering a favorable environment for cryptocurrency.
The cryptocurrency industry is urging President-elect Trump to implement a series of executive orders on his first day in office, aimed at mainstreaming crypto. Key proposals include establishing a national bitcoin stockpile, improving banking access for crypto firms, and forming a crypto council. Trump's administration is expected to reverse the previous regulatory crackdown, with a focus on fostering innovation and American leadership in the crypto space.
Rebecca Rettig
People
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crypto leaders urge trump to establish bitcoin reserve in first 100 days
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