The wheels are already beginning to light Donald Trump’s plan to make the United States the “cryptographic capital of the planet” after his return to the White House.
In a Executive order Signed on Thursday, Trump established a “working group in digital asset markets”, which will be responsible for weighing the possibility that the US forms a “storage of strategic national digital assets”, among other things.
The promise of establishing a reserve was one of the numerous commitments made by Trump for the cryptographic industry before being re -elected. Although the idea disturbed economists, it received an enthusiastic reception among bitcoinists. As rumors of an imminent announcement Extended on Thursday, the price of Bitcoin rose to $ 105,000 per coinjust before the record.
The order also requires that the working group, which consists of the leaders of several government branches, financial regulatory bodies and the attorney general, creates an appropriate set of regulations and laws that govern the use of crypto.
At the beginning of the week, on Trump’s second day in office, the Bag and Securities Commission, the United States regulatory body that brought a volley of demands against cryptographic companies under the Joe Biden administration –established A “Crypto task force”. Under a new leadership after the departure of former President Gary Gensler, which was widely Demonized in the cryptosphereThe SEC will develop a “comprehensive and clear regulatory framework for cryptographic assets,” said the agency.
Later, the same day, Trump gave Clemencia to Ross Ulbricht, who was fulfilling life imprisonment for crimes committed while running the infamous Darknet Marketplace Silk Road, one of the first websites to accept Bitcoin as payment. After being arrested in 2013, Ulbricht became a kind of martyr in cryptographic circles on the other hand in the diffusion of the Bitcoin Gospel.
These initial gestures indicate Trump’s will to follow the previous campaign promises: approve several cryptographic -related legislation, reform the financial regulatory apparatus in the United States and weave crypto to the treasure of the United States. The effects will be extensive, the cryptographic figures believe, reverberating far beyond the US coasts. And creating the conditions for a new golden era for the industry.
“Our technology is very powerful and transformative. We need to achieve it in different societies, ”says Joseph Lubin, co -founder of Ethereum and executive director of Software Company Connsys. “And the United States is a standard setter for the rest of the world.”
Despite having previously rejected Bitcoin as a “scam”, Trump now has extensive links with the cryptographic industry, many high profile members occurred in support of their re -election campaign.
In the period prior to the 2024 elections, cryptographic organizations donated hundreds of millions of dollars to super policy action committees focused on cryptography, which spent the funds in support of the candidates with the cryptographic congress, many of them Republicans.
In the campaign, Trump began to invoice like the first “President of Crypt. “In July, in the face of a multitude of Bitcoiners, Trump promised to convert the US. SEC chair, which caused the most enthusiastic applause of the night.