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Trump prepares to promote Cryptocurrency-friendly regulations.
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“Anything that stimulates market indicators will be attractive to you, even cryptocurrencies.”
The incoming Trump administration appears to give Silicon Valley moguls and the cryptocurrency sector unprecedented federal power by setting favorable policies and appointing tech-friendly officials across the government.
As reported by sources linked to the American news site Axios, the interest of the president-elect has been focused on Bitcoin/” target=”_blank” rel=”noreferrer noopener”>bitcoin (BTC) and other cryptocurrencies.
Hence, he expects the price of the digital currency to exceed USD 150,000 at the beginning of his term. It is even said that this industry is like another stock market for Trump, who is attracted for everything that stimulates the marketwhich now also covers cryptocurrencies.
In that sense, sources recall that the new president is attributed the fact that BTC has reached the USD 100,000 milestone at the beginning of this month. This, after setting several highs throughout the month of November, days after learning of his electoral victory. Although, there are analyzes that explain the other reasons why bitcoin rose in priceconsidering its properties.
Beyond that, Trump’s plan to fill your cabinet with people linked to technologies. Among them are billionaire Elon Musk; David Sacks, linked to PayPal and also known as “crypto czar”; Jared Isaacman, a tech billionaire who partnered with Musk’s SpaceX; and Vivek Ramaswamy, who became a billionaire as a biotechnology entrepreneur.
There are others important figures such as Paul Atkinsa cryptocurrency advocate who will chair the Securities and Exchange Commission (SEC) and other figures in the ecosystem who have been (and will be) working with Trump backstage.
«The most aggressive disruptors of the technological economy want to apply their ethics and their way of thinking to government. “Artificial intelligence, cryptocurrencies and innovative, fast-moving thinking will be at the center of Washington’s new agenda,” indicates the middle.
Regarding this, analysts such as Joe Lonsdale, a venture capitalist and co-founder of Palantir who advises the Trump transition, highlights what – in his opinion – comes with the new government:
This is a very optimistic administration, incorporating talent that is willing to confront waste and find solutions; people who believe that, despite the cynicism and nihilism typical of so many in DC, they can change things and that it matters.
Joe Lonsdale, co-founder of Palantir.
However, he also notes that many people “have not understood” the difference between “the big technology companies” and “the most competent builders in the world of innovation.”
“The traditional (media) stance is that it’s Big Tech or Silicon Valley, but most of these guys don’t get along with the Big Tech crowd; these are many of our top builders,” Lonsdale observes.
This refers to the group of well-known figures related to the Bitcoin industry. who will be coming to government with a libertarian spirit“which does not always reflect Silicon Valley as a whole.”
These are companies and characters that played an important role during Trump’s election campaign. As CriptoNoticias has reported, the economic support provided to the elections from the cryptocurrency ecosystem was something never seen before.
In any case, one of the first actions that the new president may possibly undertake will be promote the approval of regulation for the sector. The vast majority hope that these laws are favorablethat the price of BTC continues to rise and that the United States becomes one of the first governments to include bitcoin in its strategic reserve.
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