On Friday, US President Donald Trump signed a new set of regulations focused on a specific type of cryptocurrency, which meant a significant step forward for the sectors that significantly invested in gaining legitimacy and political influence.
The newly enabled law on genius introduces the basic rules and warranty of consumer consumer for Stablecoin digital currencies that have followed up to assets such as the US dollar to minimize price fluctuations. Legislation has received strong bipartisan support in the House and the Senate, as stated by Associated Press.
The purpose of the New Testament is to strengthen the confidence of consumers in the crypto industry, which, thanks to the massive gifts of campaigns and lobbying, quickly became the main energy player in Washington. Its passage comes when Trump has repeatedly committed that the US will become a “crypt of the world in the world”.
“For years, you have been ridiculed and released and counted,” Trump said the head of the cryptovisse industry with the White House signature, which was attended by about 200 people, including the best GOP legislators. “This signature is a massive verification of your hard work and your pioneering spirit.”
Also read: crypto payments for Thailand tourists: USA, SAE, Japan and other countries that allow you to pay bitcoins, ether, more
The crypto industry has long complained that it was unfairly focused on the administration of former President Joe Biden and spent hard to help Trump win last year’s elections.
During his speech on Friday, Trump praised the praise of the Krypto leader and said, “No one in such a short time has gained respect.”
Trump said the help of the cryptocurrency branch was “good for the dollar and it’s good for the country”.
“That’s why I supported you at an early stage,” said Trump, who had previously been a cryptocurrency skeptic before he accepted it. Its administration took the first few steps to strengthen the cryptovi -real industry, including the Securities and Exchange Commission, which has abandoned several coercive measures against large crypto companies.
Helping the cryptocurrency industry was good for the dollar and it is good for the country.
The provision in the brilliant law prohibits members of congress and their families to benefit from stablecoins. However, this ban does not apply to the President and his family, even if Trump builds the crypt empire from the White House. His family has a significant share in World Liberty Financial, a crypto project that launched its own Stablecoin at the beginning of this year and received early support from the Investment Fund in the United Arab Emirates.
This signature is a massive verification of your hard work and your pioneering spirit.
(Tagstotranslate) cryptomera
