President-elect Donald Trump plans to sign an executive order that will elevate cryptocurrency to a national priority, according to a report by Bloomberg.
| Key Takeaways: – President-elect Donald Trump plans to issue an executive order elevating cryptocurrency to a national priority, encouraging collaboration between government agencies and the industry. – The crypto sector, which has supported Trump through donations, will celebrate its ties with the incoming administration at an “Inaugural Crypto Ball.” |
The executive order will make cryptocurrency a national priority to ensure cooperation between government agencies and the industry. It also could create a cryptocurrency advisory council that will push for the policy interests of the sector.
Trump’s crypto friendliness is well documented, with the sector giving back in spades as major industry players Coinbase and Ripple have donated to his inaugural committee.
Meanwhile, the crypto industry is celebrating its rising star status with an “Inaugural Crypto Ball” in Washington to coincide with Trump’s second-term inauguration. The party underlines the sector’s cosy relations with the incoming administration.
President-elect Donald Trump’s alliance with cryptocurrency interests began in earnest during his presidential campaign with his appearance this past July at a Bitcoin conference where he promised to make the U.S. the global leader in crypto. His family members have also been very active in the space, including launching projects like World Liberty Financial, which are focused on crypto-based earning and borrowing.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
