Trump prescribes the crypto rules for the first 100 days, industry see ‘180 Pivot’

As President Donald Trump Hit the 100-day brand this week for its second term in office, its approval number was lower than any application at this point in more than seven decades.

Don’t say that crypto community.

Trump ran for Office on the promise that America “Cypto capital of the world would make a” Cripto capital world. “Those who came out behind that message say it was already shipped, or at least starting with hot start.

Flash from executive acts, strategic meetings and early victories, from creating strategic Bitcoin Book the return consumption and heavy SEC tactics, left the industry welcome to Washington, DC, but ever.

“Any appointment – I am satisfied with the crypt’s perspective,” Nic Carter said, the basic partner in Castle Iceland. “The previous financial regulatory apparatus was dead according to CRIPTO, and now it was a total of 180 compared to that.”

President Trump faced Early Zabrt After proposing the possibility of a strategic cryptic reservation that would cross Bitcoin and turn on other digital currencies like ether, XRPSolana’s Salt Token and Cardano’s Ada. Skeptics are listed that the dollars of taxpayers should not be spent on such risky assets. The President soon narrowed the plan to focus exclusively at Bitcoin and it is clear that it uses taxpayers’ means to support the government’s purchase strategy.

Also criticized him for starting a meme coin It added billions of dollars in paper wealth to his net value. $ Trump token rose earlier this month After his website announced that the main holders would be invited to private dinner with the President. His family is also included in other crypto projects.

“It really doesn’t help members of his family be encrypted their projects,” Carter said. “I understand that they are interested in the industry and want to deal with it, but optics is not that good about it.”

But in the most part, that this behavior is ignored as the crypto industry prefers its attention elsewhere even as president’s work that is largely sit at just 43%According to the average of recent national surveys.

In the Company Office, Jonathan Gould has signal support for the issuance of new bank charters in the CRIPTO firm. During the President Joe Biden’s The Presidency, that was almost unimaginable.

“We’ll see a lot of new crypto firm getting a bank charter,” Carter said. “And new banks are set up that are expressively focused on crypto and stablecoins.”

The Federal Corporation for Deposit Insurance, under temporary chairs, Travis Hill, also moves. Fans Cripto welcomed its efforts to exhibit what industrial insiders call “points 2.0” Choke 2.0 “, alleged coordinated regulator efforts during the Biden Presidency to press banks on the mats with the crypt.

Paul Atkins, a new chair SEK, presents a great contrast towards the predecessor Garsa Gensler, which was a notorious Hardliner when it came to crypto regulations and implementation. Carter said Sex under Atkins has already started working directly with the stakeholders of CRIPTO, including Castle Island, on the island of craft crafting on tokens and a line between securities and goods.

“This is the clarity we are looking for,” Carter said. “Even forcing the legislative solution, I think SEC will go out with real instructions around the chips and how the domestic cripto firm can work.”

Atkinny set up his first public appearance Just four days in business by opening the Crypto Table Circle – The move sent a clear signal to the participants in the industry. Last week, Atkins was in Washington in Washington, DC, focused on CRIPTO innovation and detention. The event was held for weeks after the regulator formally declined his longtime lawsuit against Ripple, a Symbolic end of a four-year-old battle between the sector and the crypto industry.

Veronica McGregor, General Legal Officer of Ecodus and A Participant in SECROV’s Circle of Tables, echoed by Carter’s feel in calling access “180 spins”.

“Only that round tables are somehow surprising and refreshing,” McGregor said, who contributed to the political advocacy group to stand with crypt during the 2024 campaign. Years. “Given that we have an administration that goes beyond the pro-crypto and bring some changes that need to be done, I would say that these donations are strategically placed and payable.”

Carter warned that the federal reserve remains “structural endurance”. While banks can now detain crypto, thanks to Ukening of accounting rules called SAB 121They still can’t work directly with cryptian firms “unless Fed says I can,” Carter said.

FDIC and OCC abolished its anti-crypto guidelines, but the federal reserve only The suit partially followed. Notice of 20. January continues to restrict banks from certain crypto-related activities.

“Fed is still a bank blocker to deal with stablecoins for CRIPTO,” Carter said.

However, the industry has largely received what he wants.

Coin Entire Brian Armstrong was among the biggest donors in 2024 Elective cycle And he made his second job to try and choose candidates for crypts. Paul Graval, Legal Head of Company, said Trump Administration “really overturned the script on the CRYPTO.”

“It wasn’t all a long time ago that we had the administration that it was not only skeptical for this brand new technology, but it was actually hostile to it,” Graval said. “We now have a white house and a wider administration that is not only welcomed by digital means and block-based technologies, but accepting numerous different ways and that in the first 100 days really highlighted in the first 100 days.”

Graval also pointed out some two-sided momentum in Congress, including accounts on stablechoins and market structures.

“We have a question, it seems, where the white house, together with Republicans on the hill, worked together with democrats in both houses of Congress to obtain the legislation of digital property,” Graval said.

Graval praised the Sec to search for public inputs and opening the door to industrial participation in topics such as detention and market structure.

Fariar Shirzad, Chief Coinbase officer, said that the administration has already met two basic expectations: ending regulatory folds to crypto and work with Congress to achieve clarity.

He said that he was pleasantly surprised by the ambition of the administration to transcend Bitcoin and integrate block technology in a broader financial system.

“They move a lot aggressive to try to implement Crypto and Blockchain technology in a wider capital market,” he said. In sex, he said that involves tokenizing the action market and examination how it fits into traditional regulatory frameworks.

Shirzad also noticed that the bank regulators began to explore pay-based pay systems. In addition to the trillion crypto market of dollars, he said that the goal of 100 trillion capital was the goal of 100 trillion equity, “and I think it’s something that people should pay close attention.”

Ripple Stud’s Main Legal Officer, now, the president of the National Association of Cryptocurancinity, said that internal data show that 73% of U.S. CRIPTO wants to see the country becomes a global leader in space.

“The government and industry can now be moving out of the courtroom and invest in what the best – innovation”, “Alderi CNBC said.

Fred Thiel, General Manager General Mining Company Bitcoin Mara HoldingsHe pointed out early victories for his slice of industry. He said that the support of the administration for mining technology allows companies “to strengthen the American economy and the network”.

Thiel, who participated in the first Summit of the White House, praised the rapid appointment of the Pro-Krippo officials and the launch of the President of the counselor with digital means.

The Lawrence’s CEO Day, which manages energy use for industrial mining farms, said that professional administration posters made Bitcoin with a natural tool for encouraging new power infrastructure.

“Bitcoin is a great way to encourage herself out of that power,” Lawrence said. “It’s really great to see Bitcoin to admit to the federal level.”

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