The Address of American President Donald Trump at the top of the digital assets of blockworks in New York is a sign of the great crypto in the financial space, said Dan Greer, co-founder of Defi App.
According to Greer, the president pronounced a pro-innovation address which cement the pro-Crypto position of his administration.
In his speech at the Summit of Blockworks digital assets in New York on Thursday, Trump spoke of the legislation on Stablescoin, the Bitcoin Strategic Reserve (BTC) and the negative impact of the speaking of the crypto.
To the legislation on Stablescoin, Trump called on Congress to adopt the bill which will create “simple and common sense rules”.
The senatorial banking committee advanced the stable bill last week. As Crypto.News pointed out this week, Bo Hines, the executive director of the Chairman of the Council for Digital Assets, said the bill could be on Trump’s office earlier.
Greer, whose platform seeks to simplify trading and adoption of decentralized finances via a simple experience and user interface, considers the presentation of the president as another crucial step in the right direction for the crypto in the United States
In the comments sent by email to Crypto.News, Greer said:
“The pro-innovation address of President Trump to the DAS is a clear sign that crypto is now a force majeure in finance. We should see an increase in bitcoin confidence and pressure for clearer regulations.”
The cryptographic space has experienced multiple solid victories in terms of positive developments concerning regulations, in particular the closure of several surveys by Securities and Exchange American Commission. The SEC has also abandoned several proceedings against cryptographic societies, including Coinbase, Gemini and Kraken.
But one of the biggest positive points concerns DEFI. Earlier this month, the House of Representatives of the United States voted to cancel the Rule of the Broker of the Internal Revenue Service which required that the Protocols DEFIT relate to the agency.
Industry experts welcomed the vote as a major victory for the crypto. Greer considers this to be one of the ways of pro-innovation regulations that will help the United States as the capital of world cryptography.
“DEFI is not only an alternative financial system; this is the next evolution of the crypto,” noted the co-founder of Defi App. “Mass adoption depends on the resolution of complexity, cost and accessibility, and the right regulatory approach can accelerate this change.”
According to Greer, the United States under Trump has a great opportunity to take the lead in cryptographic and blockchain innovation. Like many other experts and heads of opinion, Greer thinks that not seizing this opportunity will push innovation abroad and will see the United States “late”.
“I am optimistic that we will see very user-friendly regulations in crypto to move forward,” he added.
In addition to Trump’s executive decree for an SBR, the White House held the very first Crypto summit. Meanwhile, Trump’s DAS speech by video adds to his appearance in person to Bitcoin Conference 2024.
