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The focus is on strengthening American leadership in CRIPTO TECH

The focus is on strengthening American leadership in CRIPTO TECH

Discover: Here are views and opinions belong exclusively by the author and do not represent the views and opinions of the CRIPTO.NEVS ‘editorial.

23. January 2025. year, President Trump issued Executive order entitled “Strengthening American Leadership in Digital Financial Technology”. Eo Supports Responsible growth and use of digital assets, blockschain technology and related technologies in all sectors of the economy to ensure American position as the world in the world’s economy, innovation and economic opportunities.

EO sets the high-level policy objectives:

  • Protection legitimate use of the block network, participation in mining and validation and self-destination on digital property without illegal censorship; Promoting stable-controlled dollar; Prohibition of the Central Bank’s digital currency; Providing an honest and open access to banking services;
  • Providing “bureau of regulation” for digital assets based on “well-defined regulatory limits of competencies” by the workgroup in the markets of digital means to chair the White House AI & Cripto Czar David bags, who divided his opinions here. The Working Group will include the Chairman of the Secretary and Replacement Commission, the Treasury Treasury Commission, General of the Second Seven more officials, which will identify regulations, instructions, instructions and orders related to Digital property industry Within 30 days(2) submits recommendations regarding interruption, modification or regulatory adoption of those items Within 60 daysI (3) submits a report to the President Trump recommending regulatory and legislative proposals to establish a federal framework for the issuance and operation of digital property, including stablecoins and Assess potentially creating and maintaining a national digital property store.

William Quigley, cryptocurrency and block for block-founder Vaks.io Blockiin and Stablecoin Tether (USDTT), he said in the interview:

It is exciting that Trump Administration intends to make the United States. The center of innovation of digital financial technology ensuring that regulatory frameworks are clear, especially in terms of stablecoin and the growth of digital financial technology in the United States remains unobstructive regulations or unnecessary government interference. “

Vivek Ramsar, General Manager Eteraalithesis.io, which connects institutions to the largest, safe and open clockchain environmentally friendly (El) Ecosystem around the world, it agrees, “We believe that it (EO) was a monumental structural change to make the American capital CRIPTO and AI.”

Executive order abolishes:

  • Executive order 14067which was issued by President Biden 9. Marta 2022. year, which, among other things, put “the highest urgency on research and development efforts in potential design and deployment opportunities in the United States CBDC.”
  • Department for “Frame” Treasury “for international engagement on digital means, 7. July 2022. years, as described in detail announcement.

Rhett Shipp, General Manager of Avanta, Orchain Provider StableCoin Dollar, explained to me:

The Executive Order of President Trump rejects American CBDC and Support StableCoys is a clear signal where the industry moves. StableCoins are already serve as more efficient to make an alternative reinforcement of the dollar globally while maintaining financial privacy. With Stablecoins, which increasingly supported us by American cash registers, are well aligned with national interests. Support to Stablecoin growth, not to introduce a digital currency under government control, is a real move for financial innovations and the American economy.

According to repulsive administration, the largest CIPTO industry appeal was a lack of regulatory clarity in the classification of digital assets between safety and goods. And the Regulation on securities and execution of the Commission to executive practices reached new heights.

Recent cases have shown that determining whether the cryptocurrency security is a complex task that may not always have a clear answer. For example, the American District Court Judge Ami Berman Jackson County Columbia, who chairs the Case against Bynance, has made their views on this issue during the hearing inquiry:

“Where is it? Is that important … why is it if they are trying to achieve legislation, is there anything missing in the Statute to cover it? Why do we do it on a coin, leather coin, judge judge judge From … Vagaries of individual districts … Unlike the regra issuance that tells everyone everyone? ‘”

Similarly, the US judge of the US Court of Catherine Polk Faill of the South York County, which monitoring cuts is related to the hemp case from coinbase, made similar remarks. And 7. January, she approved the intermediate attraction whether “certain transactions involving cryptic funds as a SEC Regulatory Agreement” -Ie, as a securities “because it represents the Law on the Law on Range and Application of Hovekea To crypto-means, about which there is a significant basis for the difference, and from whose resolution would advance the ultimate termination of the Securities of SEC, “she added.

President Trump has selected legislators who understand the industry – including David bags, crapko and artificial intelligence of white houses; Representative French hill as Chairman of the House Financial Services Committee (watch his event Atlantic Council on StableCoin here); SENTOR SINTIA LUMMIS as newly formed chairmanship of the Senate Banking Committee, Digital Assets, President Paul Atkins, Republic Hester PeirceAdvisors like elona musk that favor Memecoins and trade secretary Nominie Howard Lunnick.

Confidence is growing that the Regulation on Digital Property is on the road with a new CFTC commission and exchanges for CFTC to develop a regulatory framework in cooperation with CFTC to moisten crypto policy that is expected to It will focus on facilitating regulatory loads and creating a crippto-adapted regulatory framework, as well as capital formation and execution program that focuses on damage to investors.

“The Executive Order sets the stage for a lot of activities in the block and crypto world, including regulators. We are excited to work on proposals to shape,” Lee A said. Schneider, General Council, Ava Labs, company that draws a layer-1 blockian Avalanche, which is the fastest smart contract platform in the time finality blockade industry. The eco-acceptable avalanche is a low price and a desirable platform for the tokenizing the entire world property.

Currently, digital means is regulated in the following areas in the US:

Regulation Regulator Yeah No
Anyone SEK / CFTC K
AML / CFT Finchen K
Sanctions Ofac K
Tax IRS K

Table from Chapter 21, Sustainable investment in digital property in global assets, Selva Ozelli Esk, CPA

https://crypto.news/app/uploads/2025/02/crypto-news-The-focus-is-on-strengthening-US-leadership-in-crypto-tech-option04.webp

2025-02-09 16:05:00

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