Trump transformed the encryption from the “oppressed industry” into the “axis” of the United States strategy

US President Donald Trump has put a coded currency in the center of his economic strategy, which represents a major shift in politics in the American blockchain industry, according to its CEO Crypto.com.

Trump hosted the White House encryption summit on March 7, indicating that he intends to make the encryption policy a national priority and make the United States a global center for innovation Blockchain.

“A truly historic day at the White House,” said Marzalek.

The credit of Marszalek Trump in contrast to policies like Operation ConckPoint 2.0, which has allegedly led to encryption and technology companies rejected banking services under the Biden Administration.

The difficulties of finding banking partners in fact may be something of the past for the encryption companies after the US Financial Observer Office (OCC) has reduced its position on how to participate in participating with Crypto after just hours

Related to: The American Bitcoin reserves represents the “real step” towards global financial integration

Crypting legislation acquires momentum

The encryption summit also comes at a time when two major draft laws are awaiting congress: the Stablecoin Bill and the Market Temple Bill, with the aim of helping to raise the state of regulatory uncertainty about the American encryption industry.

“CFTC) and the Securities and Stock Exchange Committee (SEC) can see” historical legislation. ” He added:

“The impact of these organizational frameworks will be created all over the world and will provide the base necessary to move external activity on the beach, and the activity of ONSAIN.”

The comments of the executive director come a day after Trump signed an executive order on March 7, which defined a plan to create a bitcoin reserve using an encrypted currency in government criminal cases instead of obtaining bitcoin (BTC) actively through market purchases.

While no purchases were announced directly from BTC, the draft law added that the US Treasury and Trade trustees can put “budget neutral strategies” to buy more bitcoins for the reserve, “provided that these strategies do not impose gradual costs on American taxpayers.”

Some analysts see the American Bitcoin reserve plan as the first “real step” for Bitcoin integration in the global financial system.

“The United States took the first real step towards combining bitcoin into the global financing fabric, recognizing its role as a basic asset of a more stable and healthy monetary system,” said Joe Burnett, head of market research at Unchained, told Cointelegraph.

Related to: FDIC resists transparency on CokkePoint 2.0 – Coinbase Clo

While Trump had previously highlighted his intentions to support encryption innovation in the United States, the issuance of regulatory frameworks takes time and determines the “correct organizational tone” will be very important for management, according to Anastasija Plotnikova, co-founder and executive director of Fideum-an organizational and ceramic company that does not focus on institutions.

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