Recently, David Bailey, CEO of Bitcoin Magazine, revealed on the social media platform X that he had a conversation with US President Donald Trump, in which Trump expressed strong support for the cryptocurrency industry.
In the post, Bailey wrote that Trump made it clear that he "will 100% support the cryptocurrency industry" and promised to "push Bitcoin to new heights." This statement has attracted widespread attention and heated discussions in the cryptocurrency community, and many people believe that this marks a major change in Trump's attitude towards cryptocurrency.
Bailey also thanked Trump for fulfilling his promise to the crypto industry in the post. Although it is not clear what specific promises Trump has made and what measures he will take to support the cryptocurrency industry, this news has undoubtedly injected a shot in the arm for the cryptocurrency market.
Analysts believe that Trump's statement may have a positive impact on the US cryptocurrency regulatory policy.
At present, the overall US government's regulatory attitude towards cryptocurrencies is still unclear, and there are differences among various agencies, which to a certain extent restricts the development of the cryptocurrency industry. If Trump can fulfill his promise and promote the introduction of more friendly and clear regulatory policies, it will create a more favorable development environment for the cryptocurrency industry.
However, some people are cautious about Trump's statement, believing that Trump's remarks may only be to attract voter support, and whether he will eventually take practical actions to support the cryptocurrency industry remains to be seen.
Anyway, Trump's statement has undoubtedly brought new hope and opportunities to the cryptocurrency industry. In the future, as regulatory policies become clearer and the market environment continues to improve, cryptocurrencies such as Bitcoin are expected to have a broader space for development.
Recently, Trump also signed an executive order to "strengthen America's leadership in digital financial technology."
The executive order sets out its purpose and policy, noting that "the digital asset industry plays a key role in innovation and economic development in the United States and is also related to the United States' international leadership. Therefore, it is the policy of this administration to support the responsible growth and application of digital assets, blockchain technology, and related technologies in all sectors of the economy."
The key points of the executive order include:
First, protect and promote the ability of citizens and private sector entities to lawfully access and use open public blockchain networks, including the ability to develop and deploy software, the ability to participate in mining and verification, the ability to trade with others without illegal censorship, and the ability to maintain self-custody of digital assets.
Second, promote the development of legal and compliant US dollar-backed stablecoins around the world.
Third, protect and promote the right of all law-abiding citizens and private sector entities to fair and open access to banking services.
Finally, provide regulatory clarity and certainty based on the principle of technological neutrality, build a framework that adapts to emerging technologies, a transparent decision-making process, and clear boundaries of regulatory authority.
At the same time, the U.S. Securities and Exchange Commission (SEC) announced the withdrawal of Staff Accounting Bulletin No. 121 (SAB 121), which has been criticized for the crypto industry.
Although it is not clear whether the US President's implementation of certain laws and policies through executive orders will be rejected by the court, Trump has fulfilled many of his promises at the Bitcoin Conference in July last year, and is expected to almost completely overturn the previous crypto regulatory model.
It can be said that this statement by US President Trump has aroused widespread attention in the cryptocurrency community. Analysts believe that this may have a positive impact on the US cryptocurrency regulatory policy.
At the same time, Trump signed the Executive Order on Strengthening US Leadership in Digital Financial Technology, emphasizing the ability to protect citizens and the private sector to legally use blockchain technology, promote the development of compliant US dollar-backed stablecoins, and provide a clear regulatory framework.
Although some people are cautious about Trump's statement, it undoubtedly brings new hope to the cryptocurrency industry. As regulatory policies become clearer, cryptocurrencies such as Bitcoin are expected to have a broader space for development.
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