Current currency under the Trump administration – International Energy Agency

What is the encrypted currency? according to CorsiraIt is a registered digital currency using Blockchain technology, instead of the bank. Blockchain technology works as a notebook, and tracks someone who owns. Since every treatment is recorded and encrypted as a mass, this means that “the data stored on Blockchain cannot be deleted or modified without consensus with the opinions with the network” (Integrated). This means that it is very difficult to forge and remains every safe treatment. Since the cryptocurrency has advantages such as access, low transaction costs and rapid treatment, its popularity has increased in recent years.

With President Trump’s election, the cryptocurrency continued to rise only. Trump has long demonstrated his support for the encrypted currency, as his administration is working to create a “strategic coding reserve” (AP news). Trump has its own MIM, whose high value has accumulated, to “up to $ 20 billion in value” (USA today).

Recently, the Senate Democrats banned a draft law called GeniusIt aims to organize an encrypted currency. It was aimed at creating Stablecoin and linking it to the value of the dollar. The main reason for voting against the bill is that the Democrats were concerned that President Trump was very involved in this industry (Msn).

according to MsnDemocratic Senator Elizabeth Warren is afraid to damage the American economy and cause taxpayers damage. However, despite this setback, the bill can continue to move forward if a deal is made. Senator Mark Warner says he is still “completely committed to obtaining this right” (Msn).

Nobody knows what the future of the cryptocurrency looks, but recently, despite this initial setback, the cryptocurrency will continue to grow.