The advice
- Trump’s decree on crypto could reshape the industry.
- The American senator makes a major movement on the formidable DEFI websites is the rule of brokers.
- The dry forms a working group led by Crypto Mom.
A version of this story appeared in our The advice Newsletter on January 27. Register here.
Good morning! Aleks here!
“There are decades that nothing happens, and weeks ago when decades occur.”
This quote can be wrongly attributed to Lenin but it does not matter – it describes what has happened in cryptographic policy in the last seven days, and previews the changes to come.
Let’s start with the big: Thursday, President Donald Trump signed a decree to revise crypto policy and study the creation of a national crypto stock.
‘Regulatory clarity’
The president also prohibited CBDC and has created a new “working group on digital asset markets” which has 180 days to recommend a “federal regulatory framework” governing “the issue and operation of digital assets, including Stablecoins ”.
The cryptography industry has long struck “regulatory clarity”. It seems that Trump intends to deliver.
But it was not the only major crypto victory.
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A few hours after Trump published his decree, the Securities and Exchange Commission canceled the staff accounting bulletin 121, a short accounting that prevented large banks from holding large amounts of crypto for their customers.
The measurement hampered the tokenization efforts of Wall Street because its definition of digital assets was so vague that it could have included token titles. It’s big: tokénisation has the potential to become a market of 16 dollars by 2030.
There is more: Tuesday, the Republican senators presented a bill to overthrow a new regulation which labeled the “broker” websites, forcing them to detect customers and register all their transactions to stimulate tax compliance.
The overwhelming majority of cryptography moving around the challenge sector of $ 182 billion crosses these websites. A tax lawyer who spoke to DL News expected that many stop or move abroad when the regulation came into force in 2027.
Crypto mom working group
Meanwhile, the non-stepil Gary Gensler, enemies of the crypto, left the SEC and the pro-Crypto commissioner, Mark Uyeda, directed the show until the Senate confirms the replacement of peopleler.
Uyeda made Commissioner Hester Peirce, also known as “Crypto Mom”, the leader of a new working group assigned to formulate regulations on digital assets.
And Trump has forgiven Ross Ulbricht, the 40-year-old crypto anti-hero who was serving a life imprisonment for the management of the Silk Road drug emporium.
If all of this was not enough, the Senate planned a February 5 hearing to debate the “speaking”.
What is the result of all this political action? Difficult to say, but it seems that Trump is serious about the delivery of a large part of what he promised on the campaign track.
“It is a little soft-to-make that we have won so much because now I have no more to complain about it,” said crypto investor Nic Carter on X. “Maybe I should take gardening. “
Aleks Gilbert is a New York DEFI correspondent. It can be reached at Aleks@dlnews.com.
