The first week of the return of President Donald J. Trump to the White House is coming to an end, and the country leader has so far kept many of his campaign promises, the latest being his commitment to the cryptocurrency. The President of the United States (Potus) recently signed his first policy on cryptography, which designates a working group responsible for creating cryptocurrency regulations.
Its participation rate is another overwhelming performance for the entire cryptocurrency market, where the main parts are gathering, Bitcoin reaching a historic summit of more than $ 109,000 before resting this Friday.
Trump’s first cryptographic policy is there and it focuses on regulations
A new Reuters report revealed that President Trump recently signed a policy for a working group that will be responsible for working to create regulations on cryptocurrencies for industry. This is the first major measure of President Trump in relation to his promises in the cryptography industry, and this is one of his promises to the public during his campaign.
There are no details on the regulations that will be created to appease the cryptography industry, but we expect that they help the blockchain market to be more visible on the market instead of be persecuted by federal agencies, including the dry.
This last policy is also part of the United States diving to storage of cryptocurrency assets, Trump also being known to have planned to establish American cryptocurrency reserves centered on the room The greater on the market.
Current regulations, cryptography market rallies
Thanks to the latest signed policy, the cryptocurrency market has brought the market to a trajectory similar to that of last November and December, where massive investments flock from whales and investors. Bitcoin has reached another historic summit at $ 109,071 before falling back to 106,000 on Friday, and the other main parts on the market also recorded significant improvements after the industry slowdown in recent weeks.
Donald Trump’s promise for the American crypto
Before Trump won the 2024 US elections last November, he made statements and massive promises to industry which focus on making it a priority during his mandate, in particular by transforming the United States into a world capital cryptography. After winning the elections, Trump made important statements on how his administration would improve cryptography, including American Bitcoin strategic reserves, cryptographic regulations, etc., leading to an impressive rally throughout the last months of 2024.
During his second day of mandate, President Trump held another promise in the world of cryptography and to libertarians by granting the creator of Silk Road, Ross Ulbricht, total grace for his crimes in the exploitation of the Dark web. Ulbricht is serving a double sentence after his conviction in 2015, and after serving ten years, President Trump released the criminal condemned while he was fighting against the “madmen” who also oppose him.
The cryptocurrency industry closely watched Trump’s movements as soon as he set foot in the oval office, which has already caused an important rally that helped the crypto to take a foothold in early January. Today, the crypto is back to its massive rally which led to another ATH for Bitcoin, following the first legitimate policy in terms of cryptocurrency while President Trump seeks to strengthen the regulations of the sector.
