Joker on Nostr: Why Bitcoin Bulls Are Cheering Trump’s New Executive Order ‘I don’t even know ...
Why Bitcoin Bulls Are Cheering Trump’s New Executive Order
‘I don’t even know how to process this much good news for Bitcoin at once,’ one industry participant says
The executive order “has been a very positive stretch. I honestly don’t even know how to process this much good news for Bitcoin at once,” Katherine Kirkpatrick Bos, general counsel at Bitcoin-infrastructure company StarkWare, said in a phone interview.
Nathan McCauley, chief executive and co-founder of Bitcoin custodian Anchorage Digital, said the executive order marks a “sea change” in U.S. digital-asset policy.
For one thing, the executive order highlights the speed in which the Bitcoin working group is expected to propose a regulatory framework, StarkWare’s Bos said.
The executive order asks the Treasury Department, the Justice Department, the Securities and Exchange Commission and other relevant agencies to identify all regulations, guidance documents and orders that affect the Bitcoin sector within 30 days.
It also asks the Bitcoin working group to submit a report to the president that recommends regulatory and legislative proposals to advance Bitcoin policies in the U.S. in the next 180 days.
Additionally, the executive order noted that the potential creation of a Bitcoin stockpile may be derived from Bitcoin seized by the federal government through law enforcement.
If the U.S. government, which has periodically conducted sales of Bitcoin it seized from illicit activities, stops doing so, it could provide a tailwind for digital assets, noted Bos.
The U.S. government currently holds over 198,000 bitcoin which are worth a combined $20.9 billion, according to Bitcoin data platform Arkham Intelligence.
Trump, who has called himself “a Bitcoin president,” briefly spoke about the industry on Thursday while addressing world government and business leaders via video at the World Economic Forum’s meeting in Davos, Switzerland.
He repeated his pledge to make the U.S. the “world capital” of both Bitcoin and artificial intelligence.
Remainder Of Article: Ultimate Resource Covering Strategic Bitcoin Reserves For Nation-States: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/ultimate-resource-covering-strategic-bitcoin-reserves-for-nation-states/
‘I don’t even know how to process this much good news for Bitcoin at once,’ one industry participant says
The executive order “has been a very positive stretch. I honestly don’t even know how to process this much good news for Bitcoin at once,” Katherine Kirkpatrick Bos, general counsel at Bitcoin-infrastructure company StarkWare, said in a phone interview.
Nathan McCauley, chief executive and co-founder of Bitcoin custodian Anchorage Digital, said the executive order marks a “sea change” in U.S. digital-asset policy.
For one thing, the executive order highlights the speed in which the Bitcoin working group is expected to propose a regulatory framework, StarkWare’s Bos said.
The executive order asks the Treasury Department, the Justice Department, the Securities and Exchange Commission and other relevant agencies to identify all regulations, guidance documents and orders that affect the Bitcoin sector within 30 days.
It also asks the Bitcoin working group to submit a report to the president that recommends regulatory and legislative proposals to advance Bitcoin policies in the U.S. in the next 180 days.
Additionally, the executive order noted that the potential creation of a Bitcoin stockpile may be derived from Bitcoin seized by the federal government through law enforcement.
If the U.S. government, which has periodically conducted sales of Bitcoin it seized from illicit activities, stops doing so, it could provide a tailwind for digital assets, noted Bos.
The U.S. government currently holds over 198,000 bitcoin which are worth a combined $20.9 billion, according to Bitcoin data platform Arkham Intelligence.
Trump, who has called himself “a Bitcoin president,” briefly spoke about the industry on Thursday while addressing world government and business leaders via video at the World Economic Forum’s meeting in Davos, Switzerland.
He repeated his pledge to make the U.S. the “world capital” of both Bitcoin and artificial intelligence.
Remainder Of Article: Ultimate Resource Covering Strategic Bitcoin Reserves For Nation-States: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/ultimate-resource-covering-strategic-bitcoin-reserves-for-nation-states/