The Trump administration ads in its first official week create new opportunities for the encrypted currency industry.
After the Chargé d’Affairs of the Securities and Exchange Committee, Mark Oida, launched an encrypted currency team on Tuesday, President Donald Trump signed an executive order to enhance the progress of encrypted currencies in the United States. Now, industry experts are studying what this might mean for the future of national cryptocurrencies inventory.
“We expect a kind of legislation to move forward in the strategy Bitcoin “Etf Edge” on CNBC this week:
He called on the executive order signed on Thursday to establish a working group concerned with digital assets, whose tasks include proposing standards for cryptocurrencies.
The working group will also formulate a new organizational framework for the operation of cryptocurrencies in the United States, according to the matter. Mike Venoto, chief investment official in Tidal Financial Group, expects that policy changes will eventually be favorable to this industry.
“The organization has been done through implementation. This is a chaos,” Venoto said in the same interview. “We need a group of government efficiency that can intervene, organize this and make it logical.”
Bitcoin prices set a new record on Monday amid the euphoria of industry, exceeding $ 109,350 for the first time. From Friday afternoon, the distinctive symbol was circulated by about $ 105,000.
Disintegration
