Us President Trump Directs Sec Task Force to Outline Crypto Rules by August

Us President Trump Directs Sec Task Force to Outline Crypto Rules by August

Us President Donald Trump Met with Several Crypto Founders and Leaders during the Recent Crypto Summit Held at the White House. The Event brieft us lawmakers under one roof with the crypto industry for the first time.

At the Summit, President Trump Asked The US Securities and Exchange Commission’s (Sec) Crypto Task Force to Put the Country’s Crypto and StableCoins Regulation “on his desk” Year. This Gives The Task Force Approximately five months to complete the research and proposal work for Crypto Rules.Chris Dixon, A Managing Partner at Web3-Focussed Investment Ferm A16z Crypto, SAID TRMPTO Timeline for a Crypto regulatory framework was the most important announcment during the summit.lauding trump’s proactive regulatory approach, DIXON said, “Withic accelerating progrested in cricks, AI, and other frontier domains, this is the time to craft thoughtful, Comprehensive Policies that Acknowledge Both the Promise and Risks of these Technologies. Treasury Secretary Scott Bessent Co-Chaired The Summit AlongSide Trump. Addressing the invitees, bessent said the us intended to keep the dominant reserv currency in the world, for which it Intends to put stablecoins to use.in another development, us’ Regulator said that banks were allowed to engage in selected crypto-Related services, overturning years of restrictions. Us’ Office of the Comptroller of the Currency (OCC) has reportedly allowed banks to explore crypto -sset custody, blockchain participation, BULCKCAIN PARTICPATION, AS Well as Exploring StableCoins Use Cases.SERGEYY Nazarov, the co-founder of chainlink, wasm atdende of the event in washington dc. “Having the most seniors members of the cabinet that cover these topics, say a lot about the us’s newfound commission to cryptocurrencies, blockchains and its own evolution as a finanacial system,” A post on x. Nazarov added that the trump administration had vouched cooperation with the industry.Owing to the awaited regulatory development, coinbase ceo brun br brother brunn Opportunities in Web3 this year. Folling the summit, armstrong posted a video on x saying that coinbase plans to hire about of a strategic bitcoin reserve as well as a crypto stockpile in the us. His Executive Order Said Bitcoin and Altcoins Seized by Federal Agencies during Investigations will be put into these reserves as long-term holdings. Market continued to bleed on Monday. While bitcoin was trading at $ 82,680 (roughly Rs. 72 lakh) Hours.Market analysts believe that in the coming days, with more regulatory development, the digital assets sector will gradally touch new highs. Meanwhile, The Market Remains Extremely Volatile, and Investors have been instructed to exercise caution in their decisions. (Tagstotranslate) Us Crypto Summit President Donald Trump Task Force Outline Rules August & Nbsp; Cryptocurrency (T) US (T) Crypto Regulations (T) Donald Trump (T) Crypto Task Force (T) Secc

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