Trump goes 6 against 8 promises of encryption during the first week

The encryption industry wanted Donald Trump to become the forty -seventh president of America, and they spent great to achieve this.

around 48 % Among all the money of the companies that contributed to the 2024 election session, it came from the encryption companies, and the 2024 elections witnessed 250 “Pro Crypto” members in Congress, who were elected with 16 Senate “Pro Crypto”.

Now that Trump was sitting at the White House, the sector is increasingly keen to discover what exactly the return of its investments. As a candidate, Trump made many comprehensive promises and stabbing in the encryption industry. As a president, Bitcoin has not yet been mentioned in his official capacity.

But while the first few days of the 47th presidency lacked a lot of encrypted meat, the tide began on Thursday (January 23) as the first of America.Chief of encryptionI released Executive orderIt is worthy “Promote American leadership in digital financial technology“Touch many of the sector’s desires, needs and interests.

Request the executive order Comprehensive draft From the federal encryption regulations, as well as to take the first steps on exploring the construction of the stock of national digital assets and ban From the central bank currencies (CBDCS).

On Wednesday (January 22), President pardon The founder of Cellac Road Ross Olbrecht, where he achieved one of his other campaign promises to the encryption sector.

Among the most important actions of the Trump administration’s encryption, Thursday’s decision was from the US Securities and Stock Exchange Committee (SEC) cancellation Employee Accounting Bulletin during the Biden era No. 122 (SAB 122), an accounting bulletin requesting encryption secretaries to register the commitment of protection.

Observers believe that canceling SAB 122 will eventually allow banks to interact freely with the encryption sector.

Read more: 3 things to see when Trump becomes the Memoin billionaires and the American president

Trump’s encryption policies raise market fluctuations and discussions

During his campaign as “the first chief encryption” in America, Trump made at least eight promises to his encryption supporters. They were: To liberate Ross Olbrecht, then the Supreme Council of Education Speaker Gary GinsnerCreate the National Bitcoin Reserve, Kill “Operation ConckPoint 2.0”, protect from the self -body and ban the CBDC and Mine Bitcoin in the United States, and put clear lists in place.

Despite the slow start, the administration managed to take the first step towards a majority, or six out of eight, of these promises.

However, before taking any of these measures, the new president announced two MIM works, $ TROMP and $ Mellania, a step by critics – many of the encryption industry – the alleged to pay attention to and Even undermining Legitimacy is on cases of Blockchain financial use and other encryption assets like stablecoins. These symbols Rise On the opening day on Monday (January 20), but he faced immediate fluctuation, and fell on Tuesday (January 21).

“Of a a report. “It is doing the opposite of verifying our health, it makes him look completely unresolved.”

Read more: Understanding Trump’s ban and coding stock arrangement

The scene of the innovation of the emerging encryption

However, as Pymnts wrote, Trump’s election “represents a major shift in politics Lighter Herbreys and more pro -rescue growth. “This is increasingly removed across the market.

For Sunday (January 26) a reportInvestment Capital Company Andrink Horwatz Even stopping her UK office amid a new focus on the American encryption sector after Donald Trump was elected. The investor opened the United Kingdom branch In 2023The first of them outside the United States, amid organizational pressure in the United States

At the same time, it may not be surprising, it is said that Elon Musk is considering using Blockchain technology in Ministry of Governmental efficiency (Dog), for every Saturday (January 25) a report. Musk, the newly created agency, the idea of ​​using the digital professor’s book to monitor federal spending, make payments, secure data and government buildings management.

1Money recently 20 million dollars The financing round for the development of the increasingly delicious Stablecooin payment network for alternative payment solutions that provide stability and efficiency, and shows that emerging encrypted companies also bend a place.